Chemed Co. (NYSE:CHE) EVP Spencer S. Lee Sells 732 Shares

Chemed Co. (NYSE:CHE) EVP Spencer S. Lee sold 732 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $575.62, for a total value of $421,353.84. Following the sale, the executive vice president now owns 18,287 shares of the company’s stock, valued at approximately $10,526,362.94. This represents a 3.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Chemed Stock Performance

Chemed stock opened at $572.39 on Monday. The business’s 50-day simple moving average is $578.27 and its two-hundred day simple moving average is $565.05. The company has a market cap of $8.61 billion, a PE ratio of 28.92, a PEG ratio of 2.43 and a beta of 0.46. Chemed Co. has a fifty-two week low of $523.33 and a fifty-two week high of $654.62.

Chemed (NYSE:CHE) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.64 earnings per share for the quarter, missing the consensus estimate of $5.76 by ($0.12). Chemed had a return on equity of 27.86% and a net margin of 12.69%. The business had revenue of $606.18 million during the quarter, compared to analyst estimates of $612.22 million. During the same quarter last year, the company posted $5.32 EPS. Chemed’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, analysts predict that Chemed Co. will post 21.43 EPS for the current fiscal year.

Chemed Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.35%. Chemed’s payout ratio is currently 10.11%.

Analysts Set New Price Targets

Several brokerages have weighed in on CHE. StockNews.com raised Chemed from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada cut their price target on shares of Chemed from $697.00 to $633.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its stake in shares of Chemed by 21.3% in the 3rd quarter. Franklin Resources Inc. now owns 8,800 shares of the company’s stock valued at $5,282,000 after purchasing an additional 1,544 shares in the last quarter. Second Line Capital LLC raised its stake in Chemed by 17.1% in the 3rd quarter. Second Line Capital LLC now owns 4,597 shares of the company’s stock valued at $2,763,000 after purchasing an additional 672 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Chemed by 4.9% in the third quarter. Geode Capital Management LLC now owns 335,443 shares of the company’s stock worth $201,820,000 after buying an additional 15,791 shares in the last quarter. Vestcor Inc lifted its stake in Chemed by 35.4% in the 3rd quarter. Vestcor Inc now owns 4,351 shares of the company’s stock worth $2,615,000 after purchasing an additional 1,138 shares in the last quarter. Finally, Cape Cod Five Cents Savings Bank boosted its stake in Chemed by 2.6% during the third quarter. Cape Cod Five Cents Savings Bank now owns 6,439 shares of the company’s stock worth $3,870,000 after buying an additional 162 shares during the last quarter. 95.85% of the stock is currently owned by hedge funds and other institutional investors.

Chemed Company Profile

Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates in VITAS and Roto-Rooter segments. It offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees.