Chemed Co. (NYSE:CHE) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in shares of Chemed Co. (NYSE:CHE - Free Report) by 3.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,778 shares of the company's stock after purchasing an additional 711 shares during the period. Teacher Retirement System of Texas owned 0.12% of Chemed worth $9,949,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CHE. UMB Bank n.a. increased its holdings in Chemed by 300.0% during the fourth quarter. UMB Bank n.a. now owns 52 shares of the company's stock valued at $28,000 after buying an additional 39 shares during the period. Atala Financial Inc bought a new stake in Chemed during the 4th quarter valued at $29,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of Chemed by 64.7% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 56 shares of the company's stock valued at $30,000 after acquiring an additional 22 shares during the period. Trust Co. of Vermont bought a new position in shares of Chemed in the 4th quarter worth $34,000. Finally, Tortoise Investment Management LLC lifted its stake in shares of Chemed by 77.3% during the 4th quarter. Tortoise Investment Management LLC now owns 78 shares of the company's stock worth $41,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 95.85% of the company's stock.

Chemed Trading Up 0.0 %

Shares of CHE traded up $0.05 during midday trading on Wednesday, hitting $609.34. 107,869 shares of the company's stock traded hands, compared to its average volume of 105,793. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 2.15 and a beta of 0.43. Chemed Co. has a 1 year low of $512.12 and a 1 year high of $646.71. The firm's fifty day moving average is $570.74 and its 200-day moving average is $565.85.

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Chemed Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on CHE. Royal Bank of Canada lifted their target price on Chemed from $633.00 to $667.00 and gave the company 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 report on Friday, March 7th.

Insider Activity

In related news, CEO Kevin J. Mcnamara sold 2,000 shares of the company'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 transaction, the chief executive officer now directly owns 102,679 shares of the company's stock, valued at $60,957,441.93. This represents a 1.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian C. Judkins bought 145 shares of Chemed stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $519.50 per share, with a total value of $75,327.50. Following the purchase, the vice president now directly owns 1,678 shares in the company, valued at $871,721. The trade was a 9.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.32% of the company's stock.

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.