Chemed Co. (CHE) EVP Sells $1,148,199.50 in Stock

Chemed Co. (NYSE:CHE) EVP Spencer S. Lee sold 3,514 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $326.75, for a total transaction of $1,148,199.50. Following the sale, the executive vice president now directly owns 31,710 shares in the company, valued at $10,361,242.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of NYSE CHE opened at $326.49 on Thursday. The company has a market capitalization of $5.20 billion, a PE ratio of 27.37, a PEG ratio of 1.85 and a beta of 1.20. Chemed Co. has a 52-week low of $255.77 and a 52-week high of $335.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 0.83.

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Chemed (NYSE:CHE) last issued its quarterly earnings results on Wednesday, February 20th. The company reported $3.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.27 by $0.08. The firm had revenue of $457.51 million for the quarter, compared to the consensus estimate of $460.50 million. Chemed had a net margin of 11.53% and a return on equity of 36.06%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.32 EPS. On average, equities research analysts expect that Chemed Co. will post 12.77 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Monday, March 4th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.37%. Chemed’s dividend payout ratio (DPR) is currently 10.06%.

Several hedge funds and other institutional investors have recently modified their holdings of CHE. Bremer Trust National Association acquired a new position in shares of Chemed in the 4th quarter worth approximately $25,000. Executive Wealth Management LLC acquired a new position in shares of Chemed in the 4th quarter worth approximately $27,000. Financial Gravity Companies Inc. acquired a new position in shares of Chemed during the 4th quarter valued at $45,000. First Hawaiian Bank lifted its position in shares of Chemed by 21.3% during the 4th quarter. First Hawaiian Bank now owns 290 shares of the company’s stock valued at $82,000 after acquiring an additional 51 shares during the period. Finally, Enlightenment Research LLC acquired a new position in shares of Chemed during the 4th quarter valued at $85,000. Hedge funds and other institutional investors own 87.51% of the company’s stock.

A number of brokerages have recently issued reports on CHE. Royal Bank of Canada boosted their price target on shares of Chemed from $313.00 to $318.00 and gave the stock a “sector perform” rating in a research report on Monday. Zacks Investment Research upgraded shares of Chemed from a “hold” rating to a “buy” rating and set a $310.00 price target on the stock in a research report on Friday, January 4th.

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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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