Chemed Co. (CHE) VP Naomi C. Dallob Sells 5,500 Shares

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Chemed Co. (NYSE:CHE) VP Naomi C. Dallob sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $317.23, for a total transaction of $1,744,765.00. Following the completion of the transaction, the vice president now directly owns 11,122 shares in the company, valued at $3,528,232.06. The transaction was disclosed in a document filed with the SEC, which is available through this link.

CHE traded up $8.42 during trading on Wednesday, reaching $322.11. The company’s stock had a trading volume of 2,211 shares, compared to its average volume of 96,252. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.14 and a quick ratio of 1.11. Chemed Co. has a 1 year low of $227.14 and a 1 year high of $335.99. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 60.02, a price-to-earnings-growth ratio of 2.69 and a beta of 1.23.

Chemed (NYSE:CHE) last released its earnings results on Monday, October 29th. The company reported $3.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.80 by $0.27. The business had revenue of $444.15 million for the quarter, compared to analyst estimates of $445.16 million. Chemed had a net margin of 11.73% and a return on equity of 35.13%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $2.15 EPS. On average, equities analysts anticipate that Chemed Co. will post 11.41 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 12th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, November 8th. Chemed’s payout ratio is presently 22.39%.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Chemed from a “hold” rating to a “buy” rating and set a $350.00 target price on the stock in a research note on Tuesday, July 31st. ValuEngine lowered shares of Chemed from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 2nd. Royal Bank of Canada raised their target price on shares of Chemed to $321.00 and gave the stock a “market perform” rating in a research note on Monday, July 30th. Finally, Bank of America assumed coverage on shares of Chemed in a research note on Friday, October 12th. They issued a “buy” rating and a $390.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $334.00.

Several hedge funds have recently added to or reduced their stakes in CHE. LPL Financial LLC purchased a new stake in shares of Chemed during the 1st quarter valued at approximately $236,000. Principal Financial Group Inc. raised its position in shares of Chemed by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 133,004 shares of the company’s stock valued at $36,291,000 after buying an additional 4,689 shares during the period. Allianz Asset Management GmbH raised its position in shares of Chemed by 7.5% during the 1st quarter. Allianz Asset Management GmbH now owns 2,783 shares of the company’s stock valued at $759,000 after buying an additional 195 shares during the period. Suntrust Banks Inc. raised its position in shares of Chemed by 10.7% during the 1st quarter. Suntrust Banks Inc. now owns 1,723 shares of the company’s stock valued at $469,000 after buying an additional 166 shares during the period. Finally, Xact Kapitalforvaltning AB raised its position in shares of Chemed by 35.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 3,072 shares of the company’s stock valued at $989,000 after buying an additional 800 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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Chemed Company Profile

Chemed Corporation provides hospice and palliative care services in the United States. It operates through two segments, VITAS and Roto-Rooter. The VITAS segment offers direct medical services, as well as spiritual and emotional counseling services to terminally ill patients. This segment offers its services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers.

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