Chemed Co. (NYSE:CHE) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC raised its position in shares of Chemed Co. (NYSE:CHE) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 655 shares of the company’s stock after purchasing an additional 26 shares during the period. Ballentine Partners LLC’s holdings in Chemed were worth $394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHE. Assenagon Asset Management S.A. acquired a new position in shares of Chemed during the third quarter worth approximately $2,301,000. Ausbil Investment Management Ltd acquired a new stake in Chemed in the 3rd quarter valued at approximately $579,000. Hennion & Walsh Asset Management Inc. bought a new stake in Chemed during the 3rd quarter valued at $293,000. International Assets Investment Management LLC acquired a new position in Chemed during the 3rd quarter worth $437,150,000. Finally, Signaturefd LLC grew its stake in shares of Chemed by 14.6% in the third quarter. Signaturefd LLC now owns 454 shares of the company’s stock worth $273,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 95.85% of the company’s stock.

Insider Transactions at Chemed

In related news, Director Andrea R. Lindell sold 831 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $571.51, for a total transaction of $474,924.81. Following the transaction, the director now owns 5,725 shares in the company, valued at $3,271,894.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Kevin J. Mcnamara sold 2,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $569.63, for a total value of $1,139,260.00. Following the completion of the sale, the chief executive officer now owns 105,735 shares in the company, valued at $60,229,828.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrea R. Lindell sold 831 shares of Chemed stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $571.51, for a total value of $474,924.81. Following the transaction, the director now directly owns 5,725 shares in the company, valued at approximately $3,271,894.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,144 shares of company stock valued at $5,264,839. Company insiders own 3.32% of the company’s stock.

Chemed Stock Up 1.0 %

Shares of NYSE CHE opened at $602.98 on Monday. The stock has a market cap of $9.13 billion, a P/E ratio of 32.45, a P/E/G ratio of 2.44 and a beta of 0.44. The firm’s 50-day simple moving average is $586.25 and its 200 day simple moving average is $569.41. Chemed Co. has a fifty-two week low of $516.03 and a fifty-two week high of $654.62.

Chemed Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 12th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.33%. This is an increase from Chemed’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, August 12th. Chemed’s payout ratio is 10.76%.

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.