25 Best Dividend Aristocrats to Buy According to Analysts

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3. Becton, Dickinson and Company (NYSE:BDX)

Upside Potential as of May 26: 24.9%

Becton, Dickinson and Company (NYSE:BDX) is next on our list of the best dividend aristocrat stocks to buy now. According to analysts, the stock has an upside potential of nearly 25%. AI technology is continually advancing within the medical industry, positioning BDX to gain significantly from its integration. The company is also actively collaborating with other companies to launch its AI-related products. In addition to this, the company has always prioritized sustainability in its operations. David Blood and Al Gore, who have always shown commitment to long-term sustainable investments, boosted their stake in the company by 72% in the first quarter of 2024.

That said, rising inflation and overall market conditions can affect the demand and pricing of Becton, Dickinson and Company (NYSE:BDX)’s products and services. These challenges can also disrupt their supply chain and raise borrowing costs, ultimately impacting the business. In addition, the company earns a solid portion of its revenue from its international operations. Though its international sales have grown by 2.6% on a year-over-year basis, the demand for its products remained weak in China. The stock is down by 6.20% over the past 12 months and has a forward P/E of 16.6, which shows that it is relatively cheap. The stock can be considered for its dividend but due to these macroeconomic concerns, we believe that other healthcare stocks are more favorable for investment.

Becton, Dickinson and Company (NYSE:BDX) has been raising its dividends consistently for the past 52 years. The company currently pays a quarterly dividend of $0.95 per share and has a dividend yield of 1.66%, as of May 26.

At the end of Q1 2024, 60 hedge funds tracked by Insider Monkey owned stakes in Becton, Dickinson and Company (NYSE:BDX), which remained unchanged from the previous quarter. The consolidated value of these stakes is over $2.5 billion.

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