Cardinal Health, Inc. (NYSE:CAH) Shares Purchased by Van Strum & Towne Inc.

Van Strum & Towne Inc. boosted its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,804 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Van Strum & Towne Inc.’s holdings in Cardinal Health were worth $332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atria Investments Inc lifted its position in Cardinal Health by 7.5% in the third quarter. Atria Investments Inc now owns 12,810 shares of the company’s stock valued at $1,416,000 after buying an additional 899 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Cardinal Health by 50.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 974 shares of the company’s stock valued at $108,000 after acquiring an additional 325 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Cardinal Health by 0.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 621,508 shares of the company’s stock worth $68,689,000 after purchasing an additional 5,600 shares during the period. Prime Capital Investment Advisors LLC increased its holdings in Cardinal Health by 11.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,618 shares of the company’s stock valued at $510,000 after purchasing an additional 472 shares during the last quarter. Finally, Huntington National Bank raised its position in Cardinal Health by 0.9% in the third quarter. Huntington National Bank now owns 10,792 shares of the company’s stock valued at $1,193,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

CAH has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and lifted their target price for the company from $132.00 to $145.00 in a research report on Monday, January 6th. Morgan Stanley increased their price target on shares of Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Argus set a $148.00 price objective on shares of Cardinal Health in a report on Tuesday, February 4th. Finally, Jefferies Financial Group upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and increased their target price for the stock from $140.00 to $150.00 in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $139.36.

Cardinal Health Stock Performance

CAH opened at $128.20 on Friday. The company has a market cap of $30.97 billion, a P/E ratio of 23.92, a PEG ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $132.84. The business’s 50-day simple moving average is $126.33 and its 200-day simple moving average is $119.31.

Cardinal Health (NYSE:CAH) last posted its earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. As a group, analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.5056 dividend. This represents a $2.02 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s payout ratio is currently 37.69%.

Cardinal Health Company Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.