OLD Second National Bank of Aurora Cuts Position in Cardinal Health, Inc. $CAH

OLD Second National Bank of Aurora lessened its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 36.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 346 shares of the company’s stock after selling 202 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Cardinal Health were worth $58,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. acquired a new position in shares of Cardinal Health during the 1st quarter valued at $26,000. Jones Financial Companies Lllp raised its position in Cardinal Health by 198.3% in the first quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock valued at $27,000 after purchasing an additional 14,034 shares during the period. GW&K Investment Management LLC raised its position in Cardinal Health by 113.4% in the first quarter. GW&K Investment Management LLC now owns 271 shares of the company’s stock valued at $37,000 after purchasing an additional 144 shares during the period. NBC Securities Inc. purchased a new position in Cardinal Health in the first quarter valued at about $48,000. Finally, Garde Capital Inc. acquired a new stake in shares of Cardinal Health in the first quarter valued at about $52,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cardinal Health

In related news, insider Jessica L. Mayer sold 38,078 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $148.82, for a total transaction of $5,666,767.96. Following the sale, the insider owned 48,457 shares in the company, valued at $7,211,370.74. This represents a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ola M. Snow sold 28,151 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $148.94, for a total transaction of $4,192,809.94. Following the sale, the insider owned 15,431 shares in the company, valued at approximately $2,298,293.14. This trade represents a 64.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 271,676 shares of company stock valued at $40,489,525 over the last quarter. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Robert W. Baird increased their target price on Cardinal Health from $197.00 to $203.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. UBS Group reissued a “buy” rating on shares of Cardinal Health in a research report on Tuesday, August 12th. Wells Fargo & Company reissued an “overweight” rating and set a $185.00 target price (up from $183.00) on shares of Cardinal Health in a research report on Wednesday, August 13th. Evercore ISI dropped their price target on shares of Cardinal Health from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. Finally, Jefferies Financial Group set a $150.00 target price on Cardinal Health in a research note on Tuesday, August 12th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cardinal Health has an average rating of “Moderate Buy” and an average target price of $165.93.

Cardinal Health Stock Performance

Shares of CAH stock opened at $158.50 on Friday. Cardinal Health, Inc. has a one year low of $106.98 and a one year high of $168.44. The company’s 50-day simple moving average is $152.12 and its 200-day simple moving average is $150.09. The stock has a market capitalization of $37.66 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.34 and a beta of 0.71.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.05. Cardinal Health had a negative return on equity of 74.45% and a net margin of 0.70%.The firm had revenue of $60.16 billion for the quarter, compared to analysts’ expectations of $60.91 billion. During the same quarter in the prior year, the firm posted $1.84 earnings per share. Cardinal Health’s revenue for the quarter was up .5% compared to the same quarter last year. Cardinal Health has set its FY 2026 guidance at 9.300-9.500 EPS. As a group, research analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $0.5107 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Cardinal Health’s payout ratio is currently 31.63%.

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.