Federated Hermes Inc. Raises Holdings in Cardinal Health, Inc. $CAH

Federated Hermes Inc. lifted its holdings in Cardinal Health, Inc. (NYSE:CAH) by 9.3% in the 3rd quarter, Holdings Channel reports. The firm owned 960,836 shares of the company’s stock after acquiring an additional 81,850 shares during the period. Federated Hermes Inc.’s holdings in Cardinal Health were worth $150,813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its position in Cardinal Health by 6.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,363 shares of the company’s stock worth $601,000 after buying an additional 280 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Cardinal Health by 198.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock valued at $27,000 after acquiring an additional 14,034 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of Cardinal Health by 3.2% in the second quarter. Perigon Wealth Management LLC now owns 2,314 shares of the company’s stock worth $389,000 after acquiring an additional 72 shares during the period. Signaturefd LLC raised its holdings in shares of Cardinal Health by 3.7% during the second quarter. Signaturefd LLC now owns 3,151 shares of the company’s stock valued at $529,000 after purchasing an additional 113 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Cardinal Health by 6.3% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 12,739 shares of the company’s stock valued at $2,140,000 after purchasing an additional 758 shares during the period. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CAH has been the subject of a number of research analyst reports. Leerink Partners set a $240.00 target price on shares of Cardinal Health in a research report on Tuesday, January 13th. Argus raised their price target on Cardinal Health from $211.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cardinal Health in a report on Wednesday, January 21st. Jefferies Financial Group increased their target price on Cardinal Health from $220.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, TD Cowen reissued a “buy” rating on shares of Cardinal Health in a research report on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $221.07.

Cardinal Health Stock Performance

Shares of Cardinal Health stock opened at $214.24 on Wednesday. The stock has a market cap of $50.90 billion, a P/E ratio of 32.31, a P/E/G ratio of 1.43 and a beta of 0.65. The stock’s fifty day moving average is $206.01 and its 200 day moving average is $177.07. Cardinal Health, Inc. has a one year low of $120.72 and a one year high of $215.48.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Thursday, October 30th. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.33. Cardinal Health had a negative return on equity of 84.37% and a net margin of 0.68%.The business had revenue of $64.01 billion during the quarter, compared to analysts’ expectations of $59.41 billion. During the same quarter in the prior year, the business posted $1.88 earnings per share. The business’s quarterly revenue was up 22.4% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. Analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.5107 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.04 annualized dividend and a yield of 1.0%. Cardinal Health’s payout ratio is currently 30.77%.

Cardinal Health Profile

Cardinal Health is a multinational healthcare services and products company headquartered in Dublin, Ohio. Tracing its roots to the early 1970s, the company has grown into a major provider of supply chain and distribution services for the healthcare sector. Cardinal Health operates across a range of service lines that support hospitals, health systems, pharmacies, physician offices and clinical laboratories.

The company’s core activities include the wholesale distribution of branded and generic pharmaceuticals, the supply and distribution of medical-surgical products, and the provision of logistics and inventory management solutions.