Chemed Co. (NYSE:CHE) Director Sells $238,988.00 in Stock

Chemed Co. (NYSE:CHE - Get Free Report) Director George J. Walsh III sold 400 shares of the business's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $597.47, for a total transaction of $238,988.00. Following the transaction, the director now owns 3,046 shares of the company's stock, valued at $1,819,893.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Chemed Stock Down 0.2 %

Shares of Chemed stock traded down $1.02 on Friday, reaching $599.04. The company's stock had a trading volume of 59,216 shares, compared to its average volume of 83,993. The company has a market capitalization of $9.07 billion, a P/E ratio of 32.24, a PEG ratio of 2.40 and a beta of 0.44. Chemed Co. has a 52-week low of $497.36 and a 52-week high of $654.62. The stock has a 50-day moving average price of $574.54 and a 200-day moving average price of $576.44.

Chemed (NYSE:CHE - Get Free Report) last announced its earnings results on Wednesday, July 24th. The company reported $5.47 EPS for the quarter, missing analysts' consensus estimates of $5.59 by ($0.12). The firm had revenue of $595.88 million for the quarter, compared to analyst estimates of $599.20 million. Chemed had a net margin of 12.88% and a return on equity of 29.21%. Chemed's revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.71 EPS. Sell-side analysts forecast that Chemed Co. will post 21.77 earnings per share for the current fiscal year.

Chemed Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 12th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Chemed's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.33%. Chemed's dividend payout ratio is 10.76%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC grew its holdings in shares of Chemed by 7.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,741 shares of the company's stock worth $1,603,000 after purchasing an additional 200 shares during the period. Franklin Resources Inc. boosted its position in shares of Chemed by 45.4% during the fourth quarter. Franklin Resources Inc. now owns 9,861 shares of the company's stock worth $5,766,000 after buying an additional 3,077 shares during the period. Advisory Services Network LLC grew its stake in shares of Chemed by 3.3% in the fourth quarter. Advisory Services Network LLC now owns 1,013 shares of the company's stock valued at $593,000 after buying an additional 32 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Chemed by 82.6% in the 4th quarter. Intech Investment Management LLC now owns 1,059 shares of the company's stock valued at $619,000 after buying an additional 479 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Chemed by 13.9% during the 4th quarter. Parallel Advisors LLC now owns 901 shares of the company's stock worth $527,000 after acquiring an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 95.85% of the company's stock.

About Chemed

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.