Chemed Corporation $CHE Stake Lessened by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in shares of Chemed Corporation (NYSE:CHE) by 4.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,538,487 shares of the company’s stock after selling 64,084 shares during the quarter. Vanguard Group Inc. owned 10.56% of Chemed worth $688,842,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its stake in shares of Chemed by 32.4% during the 3rd quarter. Alps Advisors Inc. now owns 44,295 shares of the company’s stock worth $19,833,000 after purchasing an additional 10,845 shares in the last quarter. Vest Financial LLC lifted its position in Chemed by 32.6% during the 3rd quarter. Vest Financial LLC now owns 9,702 shares of the company’s stock worth $4,344,000 after acquiring an additional 2,383 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in Chemed by 33.0% during the 3rd quarter. Van Berkom & Associates Inc. now owns 170,813 shares of the company’s stock valued at $76,480,000 after purchasing an additional 42,390 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Chemed by 6.5% in the third quarter. Envestnet Asset Management Inc. now owns 80,080 shares of the company’s stock valued at $35,855,000 after acquiring an additional 4,865 shares during the period. Finally, Fenimore Asset Management Inc boosted its holdings in Chemed by 28.3% in the 3rd quarter. Fenimore Asset Management Inc now owns 37,240 shares of the company’s stock valued at $16,674,000 after purchasing an additional 8,222 shares during the period. Hedge funds and other institutional investors own 95.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CHE. Jefferies Financial Group downgraded Chemed from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Chemed from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Royal Bank Of Canada dropped their price target on shares of Chemed from $589.00 to $572.00 and set an “outperform” rating for the company in a research report on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Chemed in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $555.50.

Chemed Stock Up 0.8%

Shares of Chemed stock opened at $479.09 on Tuesday. Chemed Corporation has a 12-month low of $408.42 and a 12-month high of $623.60. The stock has a market capitalization of $6.78 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.32 and a beta of 0.44. The company has a 50-day simple moving average of $445.75 and a 200 day simple moving average of $443.99.

Chemed Announces Dividend

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

Chemed Profile

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.