Published on 2 Feb 2022 on Insider Monkey via Yahoo Finance
Were Hedge Funds Right About Becton, Dickinson and Company (BDX)?
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn't mean that they don't have occasional colossal losses; they do. However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, let’s examine the smart money sentiment towards Becton, Dickinson and Company (NYSE:BDX) and determine whether hedge funds skillfully traded this stock.
Is Becton, Dickinson and Company (NYSE:BDX) worth your attention right now? The smart money was getting less bullish. The number of bullish hedge fund bets decreased by 1 recently. Becton, Dickinson and Company (NYSE:BDX) was in 51 hedge funds' portfolios at the end of September. The all time high for this statistic is 65. Our calculations also showed that BDX isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings). There were 52 hedge funds in our database with BDX holdings at the end of June.
