Chemed Co. (NYSE:CHE) Shares Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its holdings in shares of Chemed Co. (NYSE:CHE) by 633.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88 shares of the company’s stock after purchasing an additional 76 shares during the period. Brown Brothers Harriman & Co.’s holdings in Chemed were worth $47,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CHE. State Street Corp raised its stake in Chemed by 0.8% in the third quarter. State Street Corp now owns 464,354 shares of the company’s stock valued at $279,063,000 after buying an additional 3,564 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Chemed by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 335,443 shares of the company’s stock valued at $201,820,000 after purchasing an additional 15,791 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Chemed by 8.2% in the 4th quarter. JPMorgan Chase & Co. now owns 266,786 shares of the company’s stock valued at $141,343,000 after purchasing an additional 20,310 shares during the last quarter. Boston Trust Walden Corp boosted its stake in Chemed by 10.0% in the 4th quarter. Boston Trust Walden Corp now owns 242,172 shares of the company’s stock worth $128,303,000 after purchasing an additional 22,105 shares in the last quarter. Finally, FMR LLC grew its position in Chemed by 23.8% during the 3rd quarter. FMR LLC now owns 238,616 shares of the company’s stock worth $143,401,000 after purchasing an additional 45,917 shares during the last quarter. Institutional investors and hedge funds own 95.85% of the company’s stock.

Insider Buying and Selling at Chemed

In other news, CEO Kevin J. Mcnamara sold 1,000 shares of Chemed stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $615.33, for a total transaction of $615,330.00. Following the completion of the transaction, the chief executive officer now directly owns 101,679 shares of the company’s stock, valued at $62,566,139.07. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.32% of the company’s stock.

Chemed Price Performance

CHE stock opened at $614.41 on Thursday. The company has a market capitalization of $8.99 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 2.15 and a beta of 0.43. Chemed Co. has a 12 month low of $512.12 and a 12 month high of $639.61. The firm’s fifty day simple moving average is $577.76 and its 200-day simple moving average is $567.62.

Chemed Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Monday, February 24th. Chemed’s dividend payout ratio is currently 10.05%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHE. Royal Bank of Canada lifted their price objective on shares of Chemed from $633.00 to $667.00 and gave the stock an “outperform” rating in a research note on Friday, March 14th. StockNews.com upgraded Chemed from a “hold” rating to a “buy” rating in a research note on Friday, March 7th.

Chemed Company Profile

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.