Becton Dickinson BDX: 20 Years of Consistent Outperformance in the Medical Technology Sector

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BECTON ($NYSE:BDX): Its products and services provide solutions to a variety of medical and healthcare industry needs including surgery, infection prevention, diagnostics, cardiovascular health, diabetes care, and laboratory safety. As an industry leader in medical technology, BDX has developed and produced ingenious products such as its BD MAX system, which provides rapid pathogen identification, as well as its portfolio of digital health services designed to improve patient outcomes. With its expansive portfolio of integrated solutions for medical professionals, BDX is well-positioned to capitalize on the growth opportunities in the medical technology sector.

Additionally, BDX has a strong commitment to investing in research and development to stay ahead of the competition. BDX has also generated strong returns for its shareholders over the past two decades. In addition to its stock performance, BDX has also been rewarded with numerous accolades over the years. Most recently, BDX was ranked as one of the World’s Most Admired Companies by Fortune. As the demand for advanced medical technology solutions continues to grow, BDX is well-positioned to capitalize on this growth and continue to deliver strong returns for its shareholders.

Share Price

On Thursday, BECTON Dickinson (BDX) stock opened at $283.9 and closed at $283.6, up by 0.3% from its previous closing price of 282.8. As a result, the company has managed to remain profitable even during times of economic downturn and challenges in the sector. The company has continued to innovate and invest in research and development, which has enabled the company to stay on top of market trends and further solidify its position in the sector. BECTON has consistently been delivering strong returns to its shareholders and is well-positioned to continue its success for years to come. Becton_Dickinson_BDX_20_Years_of_Consistent_Outperformance_in_the_Medical_Technology_Sector”>Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Becton. More…

Key Ratios Snapshot

Some of the financial key ratios for Becton are shown below. More…

Analysis

GoodWhale has conducted an analysis of BECTON’s financials. According to our Star Chart, BECTON is classified as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This makes BECTON an attractive investment for investors who are looking for stable, long-term returns. BECTON’s financial health is strong, with a health score of 8/10 with regard to its cashflows and debt. This indicates that the company is well-positioned to sustain future operations in times of crisis. In addition, BECTON has strong ratings in terms of asset, dividend, and profitability with medium ratings in terms of growth. Overall, BECTON presents an attractive investment opportunity for those looking for steady, consistent returns over time. Its strong financials and health scores make it a viable option for long-term investors. Becton_Dickinson_BDX_20_Years_of_Consistent_Outperformance_in_the_Medical_Technology_Sector”>More…

Peers

Becton, Dickinson and Co is a medical technology company that manufactures and sells medical devices, instruments, and supplies. The company operates in three segments: BD Medical, BD Biosciences, and BD Diagnostics. It offers a wide range of products, including syringes, needles, catheters, blood collection devices, IV administration and infusion products, safety products, and sharps disposal systems. The company competes with Penumbra Inc, Teleflex Inc, SheerVision Inc, and other medical technology companies.

– Penumbra Inc ($NYSE:PEN)

Founded in 2002, Umbra is a leading global provider of shading and decorative products. The company’s products are sold in over 120 countries and include a wide range of blinds, shades, drapery hardware, and curtain rods. Headquartered in Toronto, Canada, Umbra employs over 1,200 people worldwide.

Umbra’s market cap is 7.01B as of 2022. The company’s Return on Equity is -2.31%.

The company’s products are sold in over 120 countries and include a wide range of blinds, shades, drapery hardware, and curtain rods.

– Teleflex Inc ($NYSE:TFX)

Teleflex Incorporated is a diversified global provider of medical technologies designed to improve the health and quality of people’s lives. The Company provides solutions for critical care, anesthesia, surgical, urology and emergency medicine.

– SheerVision Inc ($OTCPK:SVSO)

SheerVision Inc is a US-based company that manufactures and sells ophthalmic surgical instruments and devices. The company has a market cap of 140.32k as of 2022 and a Return on Equity of -70.28%. SheerVision’s products are used by eye surgeons to correct vision problems such as nearsightedness, farsightedness, and astigmatism. The company’s products are sold through a network of distributors and retailers worldwide.

Summary

Becton Dickinson has been a highly successful medical technology company for the past two decades, consistently outperforming the market. Its stock price has appreciated significantly over the years, primarily due to strong growth in product sales, driven by demand from customers. The company has a long history of innovation, with its products addressing multiple health care needs. Financial data shows that the company has a solid balance sheet with good cash flow, which makes it an attractive investment option for long-term investors.

Additionally, its dividend yield is higher than the average for the industry, making it an even more appealing investment choice.