Donaldson Capital Management LLC Buys 313,652 Shares of Merck & Co., Inc. $MRK

Donaldson Capital Management LLC increased its position in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 66.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 786,883 shares of the company’s stock after acquiring an additional 313,652 shares during the quarter. Merck & Co., Inc. comprises 2.1% of Donaldson Capital Management LLC’s holdings, making the stock its 14th biggest position. Donaldson Capital Management LLC’s holdings in Merck & Co., Inc. were worth $66,043,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Darwin Wealth Management LLC increased its position in Merck & Co., Inc. by 237.4% during the 3rd quarter. Darwin Wealth Management LLC now owns 307 shares of the company’s stock valued at $26,000 after buying an additional 216 shares in the last quarter. Kilter Group LLC purchased a new stake in shares of Merck & Co., Inc. during the second quarter worth about $27,000. Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Merck & Co., Inc. by 302.3% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 354 shares of the company’s stock valued at $30,000 after acquiring an additional 266 shares in the last quarter. Bare Financial Services Inc raised its position in shares of Merck & Co., Inc. by 51.9% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the company’s stock valued at $29,000 after purchasing an additional 125 shares during the last quarter. Finally, Evolution Wealth Management Inc. purchased a new position in shares of Merck & Co., Inc. in the 2nd quarter valued at approximately $31,000. 76.07% of the stock is currently owned by institutional investors and hedge funds.

Merck & Co., Inc. Stock Performance

Shares of NYSE MRK opened at $110.24 on Friday. Merck & Co., Inc. has a 1 year low of $73.31 and a 1 year high of $112.90. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.66. The company’s fifty day moving average price is $105.20 and its 200 day moving average price is $91.94. The company has a market capitalization of $273.62 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.52 and a beta of 0.29.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.14). Merck & Co., Inc. had a net margin of 29.63% and a return on equity of 44.54%. On average, research analysts predict that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Monday, March 16th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, March 16th. Merck & Co., Inc.’s payout ratio is presently 44.91%.

Insider Activity

In other news, EVP David Michael Williams sold 8,614 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $83.59, for a total transaction of $720,044.26. Following the completion of the sale, the executive vice president owned 24,578 shares of the company’s stock, valued at $2,054,475.02. The trade was a 25.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Merck & Co., Inc. from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $90.00 to $125.00 in a research note on Monday, November 24th. BMO Capital Markets raised Merck & Co., Inc. from a “market perform” rating to an “outperform” rating and upped their target price for the company from $82.00 to $130.00 in a research report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft lifted their price target on Merck & Co., Inc. from $110.00 to $111.00 and gave the stock a “hold” rating in a research report on Tuesday, November 18th. Zacks Research cut Merck & Co., Inc. from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. Finally, The Goldman Sachs Group upped their target price on Merck & Co., Inc. from $92.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $114.53.

Read Our Latest Stock Analysis on Merck & Co., Inc.

Key Headlines Impacting Merck & Co., Inc.

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Merck & Co., Inc. Profile

(Free Report)

Merck & Co, Inc is a global biopharmaceutical company engaged in the discovery, development, manufacture and marketing of prescription medicines, vaccines, biologic therapies and animal health products. Its portfolio spans multiple therapeutic areas with a particular emphasis on oncology, vaccines and infectious disease, as well as therapies for metabolic and chronic conditions. Among its well-known products are the cancer immunotherapy Keytruda (pembrolizumab) and the human papillomavirus vaccine Gardasil; the company also markets a range of medicines and vaccines for veterinary use through Merck Animal Health.

Founded in the late 19th century as the U.S.

Further Reading

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Institutional Ownership by Quarter for Merck & Co., Inc. (NYSE:MRK)

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