Segall Bryant & Hamill LLC Invests $12.88 Million in Chemed Co. (NYSE:CHE)

Segall Bryant & Hamill LLC bought a new position in shares of Chemed Co. (NYSE:CHE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,311 shares of the company's stock, valued at approximately $12,880,000. Segall Bryant & Hamill LLC owned 0.16% of Chemed at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. UMB Bank n.a. boosted its holdings in Chemed by 300.0% in the 4th quarter. UMB Bank n.a. now owns 52 shares of the company's stock worth $28,000 after buying an additional 39 shares during the last quarter. Atala Financial Inc purchased a new position in shares of Chemed in the fourth quarter valued at approximately $29,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of Chemed by 64.7% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 56 shares of the company's stock worth $30,000 after acquiring an additional 22 shares during the last quarter. Trust Co. of Vermont purchased a new stake in shares of Chemed during the fourth quarter worth approximately $34,000. Finally, Tortoise Investment Management LLC raised its stake in Chemed by 77.3% in the 4th quarter. Tortoise Investment Management LLC now owns 78 shares of the company's stock valued at $41,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 95.85% of the company's stock.

Chemed Price Performance

Chemed stock traded down $6.42 during trading on Friday, reaching $605.94. 162,388 shares of the company were exchanged, compared to its average volume of 93,565. Chemed Co. has a 52-week low of $512.12 and a 52-week high of $642.68. The stock's 50 day simple moving average is $574.16 and its two-hundred day simple moving average is $566.66. The company has a market capitalization of $8.87 billion, a P/E ratio of 30.62, a PEG ratio of 2.15 and a beta of 0.43.

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Chemed Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Monday, February 24th. Chemed's payout ratio is currently 10.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CHE shares. Royal Bank of Canada lifted their target price on shares of Chemed from $633.00 to $667.00 and gave the stock an "outperform" rating in a research note on Friday, March 14th. StockNews.com raised shares of Chemed from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.

Insiders Place Their Bets

In other Chemed news, VP Brian C. Judkins acquired 145 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average cost of $519.50 per share, for a total transaction of $75,327.50. Following the completion of the acquisition, the vice president now owns 1,678 shares of the company's stock, valued at approximately $871,721. The trade was a 9.46 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kevin J. Mcnamara sold 2,000 shares of the stock in a transaction that occurred 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 owns 102,679 shares of the company's stock, valued at $60,957,441.93. The trade was a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.32% of the stock is owned by insiders.

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.