Chemed (NYSE:CHE) EVP Spencer Lee Sells 920 Shares of Company Stock

Chemed Corporation (NYSE:CHE – Get Free Report) EVP Spencer Lee sold 920 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $537.17, for a total value of $494,196.40. Following the completion of the sale, the executive vice president owned 13,931 shares in the company, valued at approximately $7,483,315.27. This trade represents a 6.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Chemed Stock Down 1.5%

NYSE:CHE opened at $534.10 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.11. The company has a market cap of $6.95 billion, a PE ratio of 23.67, a PEG ratio of 2.06 and a beta of 0.50. Chemed Corporation has a 52-week low of $365.20 and a 52-week high of $562.24. The stock has a 50-day simple moving average of $514.53 and a 200 day simple moving average of $463.84.

Chemed (NYSE:CHE – Get Free Report) last announced its earnings results on Tuesday, October 27th. The company reported $6.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.44 by $0.31. The business had revenue of $690.94 million for the quarter, compared to analyst estimates of $685.04 million. Chemed had a return on equity of 35.18% and a net margin of 10.61%. Chemed’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $5.27 EPS. On average, sell-side analysts expect that Chemed Corporation will post 24.05 EPS for the current fiscal year.

Chemed Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Chemed’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, August 17th. Chemed’s dividend payout ratio is 13.40%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Ethic Inc. lifted its position in shares of Chemed by 20.0% in the third quarter. Ethic Inc. now owns 1,343 shares of the company’s stock valued at $678,000 after buying an additional 224 shares during the last quarter. Palisade Asset Management LLC acquired a new position in shares of Chemed during the 3rd quarter worth approximately $269,000. Parallel Advisors LLC increased its holdings in shares of Chemed by 10.8% during the 3rd quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $301,000 after acquiring an additional 58 shares during the last quarter. United Advisor Group LLC raised its stake in Chemed by 7.0% in the 3rd quarter. United Advisor Group LLC now owns 1,554 shares of the company’s stock valued at $785,000 after acquiring an additional 102 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in Chemed by 115.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 3,273 shares of the company’s stock valued at $1,653,000 after acquiring an additional 1,757 shares during the period. 95.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHE has been the subject of several recent research reports. Wall Street Zen upgraded shares of Chemed from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 10th. Jefferies Financial Group raised shares of Chemed from a “hold” rating to a “buy” rating and raised their target price for the company from $520.00 to $620.00 in a research report on Wednesday, October 28th. Weiss Ratings upgraded shares of Chemed from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Bank of America reissued a “neutral” rating on shares of Chemed in a research report on Wednesday, July 29th. Finally, Oppenheimer increased their price objective on shares of Chemed from $590.00 to $625.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $603.00.

Get Our Latest Stock Analysis on Chemed

Chemed Company Profile

(Get Free Report)

Chemed Corporation (NYSE:CHE) is a Cincinnati, Ohio-based company that provides healthcare and residential and commercial services through two operating businesses: VITAS Healthcare and Roto-Rooter. Its operations serve customers primarily in the United States, with Roto-Rooter also providing services in Canada.

VITAS Healthcare is a provider of hospice and palliative care for individuals with advanced illnesses. The business delivers care in patients’ homes, hospice inpatient units, hospitals, nursing facilities and other care settings.

Further Reading

Insider Buying and Selling by Quarter for Chemed (NYSE:CHE)

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