The Dimensional Fund Advisors LP Raises it position for C.R. Bard Inc. (BCR)

The Dimensional Fund Advisors LP Raises it position for C.R. Bard Inc. (BCR)

Dimensional Fund Advisors LP increased its position in shares of C.R. Bard Inc. (NYSE:BCR) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 218,711 shares of the company’s stock after buying an additional 6,231 shares during the period. Dimensional Fund Advisors LP owned 0.30% of C.R. Bard worth $51,429,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BCR. Standard Life Investments LTD bought a new position in shares of C.R. Bard during the second quarter worth $241,642,000. Panagora Asset Management Inc. increased its position in shares of C.R. Bard by 3.5% in the first quarter. Panagora Asset Management Inc. now owns 499,651 shares of the company’s stock worth $101,264,000 after buying an additional 17,012 shares during the last quarter. Smith Asset Management Group LP increased its position in shares of C.R. Bard by 32.4% in the second quarter. Smith Asset Management Group LP now owns 184,364 shares of the company’s stock worth $43,355,000 after buying an additional 45,083 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of C.R. Bard by 49.4% in the first quarter. Squarepoint Ops LLC now owns 5,152 shares of the company’s stock worth $1,044,000 after buying an additional 1,703 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC increased its position in shares of C.R. Bard by 30.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 6,026 shares of the company’s stock worth $1,221,000 after buying an additional 1,401 shares during the last quarter. 87.90% of the stock is currently owned by institutional investors and hedge funds.

C.R. Bard Inc. (NYSE:BCR) traded up 0.32% during trading on Friday, reaching $222.97. The company’s stock had a trading volume of 534,503 shares. The stock has a market cap of $16.38 billion, a P/E ratio of 51.85 and a beta of 0.50. The company’s 50 day moving average price is $221.85 and its 200-day moving average price is $220.14. C.R. Bard Inc. has a 1-year low of $172.21 and a 1-year high of $239.43.

C.R. Bard (NYSE:BCR) last released its quarterly earnings data on Tuesday, July 26th. The company reported $2.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.47 by $0.07. C.R. Bard had a return on equity of 48.43% and a net margin of 9.20%. The company earned $931.50 million during the quarter, compared to analysts’ expectations of $915.22 million. During the same period last year, the firm posted $2.27 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Equities analysts forecast that C.R. Bard Inc. will post $10.17 earnings per share for the current fiscal year.

Several research analysts have commented on the company. Wells Fargo & Co. raised C.R. Bard from a “market perform” rating to an “outperform” rating in a research report on Friday, September 16th. Bank of America Corp. downgraded C.R. Bard from a “buy” rating to a “neutral” rating in a research report on Friday, July 8th. Jefferies Group reaffirmed a “hold” rating and issued a $237.00 price target on shares of C.R. Bard in a research report on Tuesday, September 27th. Evercore ISI assumed coverage on C.R. Bard in a research report on Thursday, September 15th. They issued a “buy” rating and a $235.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on C.R. Bard from $214.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $233.00.

In other news, VP John A. Deford sold 7,928 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $221.06, for a total transaction of $1,752,563.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Timothy M. Ring sold 110,000 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $228.96, for a total value of $25,185,600.00. Following the transaction, the chairman now owns 96,030 shares in the company, valued at approximately $21,987,028.80. The disclosure for this sale can be found here. Insiders own 0.97% of the company’s stock.

About C.R. Bard

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