) achieved a new 52-week high, touching $109.37 on Jun 13, and
closed at $109.31 on the same date. The closing price of this
leading medical devices maker represented a healthy one-year
return of 11.3% and year-to-date return of 7.8%.
BARD C R INC (BCR): Free Stock Analysis
CONMED CORP (CNMD): Free Stock Analysis
COOPER COS (COO): Free Stock Analysis Report
WEST PHARM SVC (WST): Free Stock Analysis
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Average volume of shares traded over the last 3 months came in at
approximately 639K. Currently, the stock trades at a forward P/E
of 17.5x, in line with its peer group.
The recent 5% hike in dividend and a $500 million share
repurchase program sparked investor confidence on the stock.
On Jun 12, CR Bard raised its quarterly dividend by a penny to 21
cents per share from 20 cents per share. This increased the
annual dividend to 84 cents per share from the current payout of
The N.J.-based company also approved a $500 million share
repurchase program on the same day. This is in addition to about
$30 million outstanding shares under last year's $500 million
share buyback authorization. The company had spent roughly $131.3
million to repurchase 1.3 million shares in the first quarter of
The dividend increase along with the share buyback program
underscores Bard's commitment to deliver incremental returns to
investors leveraging a solid balance sheet, healthy free cash
flow and earnings power.
Bard's solid balance sheet allows the company to support the
dividend hike as well as the share repurchase program. The
company exited the first quarter of 2013 with cash, restricted
cash and short-term investments of $905.3 million, down 1.7%
sequentially. The company's debt-to-capital at the end of the
first quarter was 43% and total shareholder investment was $1.9
Stocks to Consider
CR Bard carries a Zacks Rank #3 (Hold). Other medical stocks,
which are expected to do well include
The Cooper Companies
). All these stocks carry a Zacks Rank #2 (Buy).