Bahl & Gaynor Inc. Reduces Stock Holdings in Chemed Co. (NYSE:CHE)

Bahl & Gaynor Inc. lowered its holdings in shares of Chemed Co. (NYSE:CHE - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,909 shares of the company's stock after selling 785 shares during the quarter. Bahl & Gaynor Inc. owned 0.11% of Chemed worth $8,958,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CHE. FMR LLC boosted its holdings in Chemed by 23.8% during the 3rd quarter. FMR LLC now owns 238,616 shares of the company's stock valued at $143,401,000 after acquiring an additional 45,917 shares during the period. Principal Financial Group Inc. raised its position in Chemed by 114.1% during the 4th quarter. Principal Financial Group Inc. now owns 74,658 shares of the company's stock valued at $39,554,000 after purchasing an additional 39,791 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Chemed by 25.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 146,017 shares of the company's stock valued at $87,752,000 after purchasing an additional 29,445 shares in the last quarter. Aureus Asset Management LLC raised its position in Chemed by 3,147.2% during the 3rd quarter. Aureus Asset Management LLC now owns 29,939 shares of the company's stock valued at $17,993,000 after purchasing an additional 29,017 shares in the last quarter. Finally, Boston Trust Walden Corp raised its position in Chemed by 10.0% during the 4th quarter. Boston Trust Walden Corp now owns 242,172 shares of the company's stock valued at $128,303,000 after purchasing an additional 22,105 shares in the last quarter. Hedge funds and other institutional investors own 95.85% of the company's stock.

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Insider Transactions at Chemed

In other news, CEO Kevin J. Mcnamara sold 2,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $593.67, for a total value of $1,187,340.00. Following the completion of the transaction, the chief executive officer now directly owns 102,679 shares of the company's stock, valued at approximately $60,957,441.93. The trade was a 1.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brian C. Judkins purchased 145 shares of Chemed stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of $519.50 per share, with a total value of $75,327.50. Following the completion of the transaction, the vice president now owns 1,678 shares in the company, valued at approximately $871,721. This represents a 9.46 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.32% of the company's stock.

Chemed Stock Performance

NYSE CHE traded up $1.51 on Friday, reaching $595.86. 124,996 shares of the stock traded hands, compared to its average volume of 99,602. The company has a fifty day moving average price of $553.87 and a 200-day moving average price of $564.10. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.15 and a beta of 0.43. Chemed Co. has a 12 month low of $512.12 and a 12 month high of $654.62.

Chemed Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Monday, February 24th. Chemed's payout ratio is 10.05%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Chemed from a "hold" rating to a "buy" rating in a research report on Friday.

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.