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T. Rowe Price Equity Income Fund reduced stake in Becton Dickinson & Co.

Stock MarketsOct 13, 2020 12:30PM ET
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© Reuters. T. Rowe Price Equity Income Fund reduced stake in Becton Dickinson & Co.

On the 30th of September, the T. Rowe Price Equity Income Fund sold 3.2 million Becton Dickinson & Co. (NYSE:BDX) shares for $737 million at an average price of $232.68 per share. Shares of Becton Dickinson & Co. are up 2.44% since the transaction.

The T. Rowe Price Equity Income Fund's holding in Becton Dickinson & Co. decreased to about 19 million shares with the transaction.

The T. Rowe Price Equity Income Fund first bought Becton Dickinson & Co. stock in the first quarter of 2001. The T. Rowe Price Equity Income Fund also owns Alcon Inc. (NYSE:ALC), Avantor, Inc. (NYSE:AVTR), Zoetis (NYSE:ZTS) and Catalent Inc (NYSE:CTLT). Becton Dickinson & Co. is its number one position by number of shares and market value among health care supplies stocks.

Other investors who also reduced their Becton Dickinson & Co. shares include Bahl & Gaynor, California State Teachers Retirement System, and Capital Management Associates. In contrast, Cooke & Bieler, Generation Investment Management, and Investec Asset Management added to BDX shares, while Victory Capital Management, Gotham Asset Management, and Mitsubishi UFJ (NYSE:MUFG) Securities International introduced BDX shares to their portfolio.

The T. Rowe Price Equity Income Fund has also recently reduced their share in ShockWave Medical, Inc. (SWAV) and Alcon Inc. The total value of the shares sold is estimated at around $1.1 billion.

The T. Rowe Price Equity Income Fund also reduced their share in J.B.Hunt Transport Services Inc (JBHT), Sensata Technologies Holding N.V. (ST), Visteon Corp (NASDAQ:VC), Aptiv PLC (NYSE:APTV), Workday Inc A (NASDAQ:WDAY), Ollies Bargain Outlet Holdings Inc (OLLI), Carvana Co (NYSE:CVNA) and DocuSign Inc (NASDAQ:DOCU). The total value of the shares sold is estimated at around $5.9 billion.

Additionally, the T. Rowe Price Equity Income Fund added to their share in Enerpac Tool Group Corp. (NYSE:EPAC), Vail Resorts Inc (NYSE:MTN), Packaging Corp of America (NYSE:PKG), Lumber Liquidators Holdings, In (NYSE:LL), Howard Bancorp, Inc. (NASDAQ:HBMD), Thermon Group Holdings, Inc. (NYSE:THR), Dunkin Brands Group Inc (DNKN), Matson , Inc. (NYSE:MATX), Constellium SE (NYSE:CSTM), Wix.com Ltd (NASDAQ:WIX), Xencor, Inc. (NASDAQ:XNCR), Professional Holding Corp. (PFHD), Planet Fitness Inc (NYSE:PLNT), MyoKardia, Inc. (NASDAQ:MYOK), Match Group, Inc (NASDAQ:MTCH), Bill.com Holdings, Inc. (NYSE:BILL), Slack Technologies Inc (NYSE:WORK), NexTier Oilfield Solutions Inc. (NEX), Avalara, Inc. (NYSE:AVLR), Palomar Holdings, Inc. (NASDAQ:PLMR), Crowdstrike Holdings (CRWD) and RAPT Therapeutics, Inc. (RAPT). The total value of the shares bought is estimated at around $6.5 billion.

T. Rowe Price Equity Income Fund reduced stake in Becton Dickinson & Co.
 

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