Sterling Capital Management LLC Has $435,000 Stock Holdings in Chemed Co. (NYSE:CHE)

Sterling Capital Management LLC lifted its position in shares of Chemed Co. (NYSE:CHE) by 53.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 822 shares of the company’s stock after acquiring an additional 287 shares during the period. Sterling Capital Management LLC’s holdings in Chemed were worth $435,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Chemed in the fourth quarter valued at approximately $42,023,000. Signal Advisors Wealth LLC raised its holdings in Chemed by 60.7% in the 4th quarter. Signal Advisors Wealth LLC now owns 4,995 shares of the company’s stock valued at $2,647,000 after acquiring an additional 1,886 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Chemed by 10.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 136,182 shares of the company’s stock valued at $72,149,000 after acquiring an additional 13,394 shares during the period. Bright Rock Capital Management LLC acquired a new stake in shares of Chemed during the 4th quarter worth $1,060,000. Finally, Fifth Third Bancorp increased its position in shares of Chemed by 12.1% in the fourth quarter. Fifth Third Bancorp now owns 4,934 shares of the company’s stock worth $2,614,000 after purchasing an additional 531 shares during the period. Institutional investors own 95.85% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CHE shares. Royal Bank of Canada boosted their target price on shares of Chemed from $633.00 to $667.00 and gave the company an “outperform” rating in a research report on Friday, March 14th. StockNews.com upgraded Chemed from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

Chemed Trading Down 0.1 %

Shares of CHE stock opened at $580.52 on Friday. The business’s 50-day moving average price is $585.78 and its 200-day moving average price is $567.83. Chemed Co. has a 12 month low of $512.12 and a 12 month high of $623.61. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.15 and a beta of 0.49.

Chemed Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.34%. The ex-dividend date was Monday, February 24th. Chemed’s dividend payout ratio (DPR) is currently 10.05%.

Insider Activity

In related news, CEO Kevin J. Mcnamara sold 1,000 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was 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. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.32% of the company’s stock.

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.