Caprock Group LLC Acquires Shares of 1,399 Chemed Corporation $CHE

Caprock Group LLC bought a new stake in Chemed Corporation (NYSE:CHE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,399 shares of the company’s stock, valued at approximately $641,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CHE. Smartleaf Asset Management LLC boosted its holdings in Chemed by 71.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 60 shares of the company’s stock valued at $27,000 after purchasing an additional 25 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Chemed in the 2nd quarter valued at approximately $28,000. First Horizon Corp purchased a new stake in shares of Chemed in the third quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Chemed during the third quarter worth $45,000. Finally, Parkside Financial Bank & Trust raised its position in Chemed by 86.3% in the second quarter. Parkside Financial Bank & Trust now owns 95 shares of the company’s stock worth $46,000 after acquiring an additional 44 shares in the last quarter. 95.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chemed

In related news, CEO Kevin J. Mcnamara sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $437.55, for a total transaction of $875,100.00. Following the transaction, the chief executive officer owned 94,197 shares of the company’s stock, valued at approximately $41,215,897.35. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CHE has been the topic of several research analyst reports. Jefferies Financial Group lowered shares of Chemed from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada decreased their price objective on shares of Chemed from $589.00 to $572.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. Zacks Research raised shares of Chemed from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Chemed in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $555.50.

Chemed Stock Performance

Shares of NYSE:CHE opened at $473.09 on Tuesday. The business’s fifty day moving average price is $441.08 and its two-hundred day moving average price is $442.34. The stock has a market cap of $6.70 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 2.30 and a beta of 0.44. Chemed Corporation has a one year low of $408.42 and a one year high of $623.60.

Chemed Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, February 23rd will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, February 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.5%. Chemed’s payout ratio is 12.69%.

About Chemed

Chemed Corporation is a diversified provider of essential home services and healthcare solutions in the United States. Headquartered in Cincinnati, Ohio, the company operates through two principal business segments—Roto-Rooter and Vitas Healthcare. Since its founding in 1974, Chemed has built a reputation for reliability and expertise, serving both residential and commercial customers across a broad range of markets.

The Roto-Rooter segment offers a comprehensive suite of plumbing, drain cleaning and water restoration services.