T. Rowe Price Discloses 5.6% Stake in Becton Dickinson (16.18M Shares)

Rhea-AI Filing Summary

Becton, Dickinson and Co. is reported as having 16,178,519 shares beneficially owned by T. Rowe Price Investment Management, Inc., representing 5.6% of the outstanding common stock. The filing shows T. Rowe Price holds sole voting power over 15,106,743 shares and sole dispositive power over 16,178,519 shares, and classifies the filer as an investment adviser. The filing includes a written certification that the shares are held in the ordinary course of business and are not held to change or influence control of the company.

This Schedule 13G discloses a passive, greater-than-5%-ownership stake in BDX by a large institutional investment adviser, providing investors clarity on a significant passive holder and the exact voting and dispositive powers reported.

Insights

Financial Analyst

TL;DR: T. Rowe Price holds a material passive stake of 5.6% in BDX with substantial sole voting and dispositive power, disclosed as passive under Schedule 13G.

The filing documents 16,178,519 shares (5.6%) beneficially owned, with 15,106,743 shares under sole voting control. As an investment adviser the filer discloses holdings and asserts these shares are held in the ordinary course and not for the purpose of changing control. For investors, this clarifies that a major institutional holder has meaningful economic exposure but claims a passive intent, which reduces immediate governance-change risk while still signaling concentrated institutional ownership.

Corporate Governance Expert

TL;DR: A >5% passive stake by a prominent adviser is material disclosure but the filer affirms no intent to influence control.

The Schedule 13G identifies the filer as an investment adviser organized in Maryland and reports exact powers: sole voting 15,106,743 and sole dispositive 16,178,519. The certification that holdings are not intended to influence control is explicit and standard for Schedule 13G treatment. This provides transparency on ownership concentration and voting authority without indicating active engagement in corporate control actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BECTON DICKINSON AND CO

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

075887109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 075887109

1

Names of Reporting Persons

T. Rowe Price Investment Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 15,106,743.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 16,178,519.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,178,519.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BECTON DICKINSON AND CO
(b)	Address of issuer's principal executive offices: ONE BECTON DR, FRANKLIN LAKES, NJ, 07417-1880
Item 2.
(a)	Name of person filing: T. Rowe Price Investment Management, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 075887109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 16178519
(b)	Percent of class: 5.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 15106743
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 16178519
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Investment Management, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	08/14/2025