Kevin J. Mcnamara Sells 2,000 Shares of Chemed Co. (NYSE:CHE) Stock

Chemed Co. (NYSE:CHE) CEO Kevin J. Mcnamara sold 2,000 shares of the company’s 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 sale, the chief executive officer now directly owns 102,679 shares in the company, valued at $60,957,441.93. This trade represents a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Chemed Trading Up 0.3 %

Shares of NYSE CHE opened at $595.86 on Monday. The firm’s 50-day moving average price is $553.87 and its 200-day moving average price is $563.91. Chemed Co. has a 12-month low of $512.12 and a 12-month high of $654.62. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 2.15 and a beta of 0.43.

Chemed Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Monday, February 24th. Chemed’s dividend payout ratio (DPR) is 10.05%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Chemed from a “hold” rating to a “buy” rating in a research report on Friday.

Hedge Funds Weigh In On Chemed

Large investors have recently modified their holdings of the stock. UMB Bank n.a. boosted its stake in Chemed by 300.0% during the fourth 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 period. Atala Financial Inc bought a new stake in shares of Chemed in the 4th quarter worth about $29,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of Chemed by 64.7% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 56 shares of the company’s stock worth $30,000 after purchasing an additional 22 shares during the period. Trust Co. of Vermont bought a new position in Chemed during the 4th quarter valued at about $34,000. Finally, Tortoise Investment Management LLC raised its position in Chemed by 77.3% in 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 period. 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.