Jupiter Asset Management Ltd. Lowers Stock Position in Chemed Corporation $CHE

Jupiter Asset Management Ltd. trimmed its stake in Chemed Corporation (NYSE:CHE) by 10.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 61,974 shares of the company’s stock after selling 7,589 shares during the period. Jupiter Asset Management Ltd. owned about 0.44% of Chemed worth $27,748,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CHE. Creekmur Asset Management LLC acquired a new stake in Chemed in the 2nd quarter valued at approximately $28,000. Smartleaf Asset Management LLC lifted its stake in Chemed by 71.4% during the third quarter. Smartleaf Asset Management LLC now owns 60 shares of the company’s stock worth $27,000 after purchasing an additional 25 shares in the last quarter. First Horizon Corp purchased a new position in shares of Chemed during the third quarter worth $31,000. Parkside Financial Bank & Trust boosted its position in shares of Chemed by 86.3% during the second quarter. Parkside Financial Bank & Trust now owns 95 shares of the company’s stock worth $46,000 after buying an additional 44 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Chemed by 330.4% in the first quarter. Geneos Wealth Management Inc. now owns 99 shares of the company’s stock valued at $61,000 after buying an additional 76 shares in the last quarter. 95.85% of the stock is currently owned by institutional investors and hedge funds.

Chemed Price Performance

CHE stock opened at $475.35 on Friday. The business’s 50-day moving average is $444.77 and its two-hundred day moving average is $443.47. The firm has a market capitalization of $6.73 billion, a P/E ratio of 25.14, a P/E/G ratio of 2.30 and a beta of 0.44. Chemed Corporation has a 1 year low of $408.42 and a 1 year high of $623.60.

Chemed Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Chemed news, CEO Kevin J. Mcnamara sold 2,000 shares of the business’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 completion of the transaction, the chief executive officer owned 94,197 shares in the company, valued at $41,215,897.35. The trade was a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.29% of the stock is owned by company insiders.

Chemed Company 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.