Dynamic Technology Lab Private Ltd Invests $891,000 in Chemed Corporation $CHE

Key Points

• Dynamic Technology Lab Private Ltd made a new investment of approximately $891,000 in Chemed Corporation, acquiring 1,448 shares in the first quarter.
• Chemed reported a quarterly EPS of $4.27, falling short of the consensus estimate of $6.02, with a revenue of $618.80 million, below expectations of $650.60 million.
• The company recently increased its quarterly dividend to $0.60, reflecting a positive change from the previous $0.50 dividend, with a current yield of 0.5% and a payout ratio of 12.34%.

Dynamic Technology Lab Private Ltd bought a new stake in Chemed Corporation (NYSE:CHE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,448 shares of the company's stock, valued at approximately $891,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Whipplewood Advisors LLC grew its stake in shares of Chemed by 54.5% in the 1st quarter. Whipplewood Advisors LLC now owns 51 shares of the company's stock valued at $31,000 after purchasing an additional 18 shares during the last quarter. Renasant Bank grew its stake in shares of Chemed by 2.3% in the 1st quarter. Renasant Bank now owns 815 shares of the company's stock valued at $501,000 after purchasing an additional 18 shares during the last quarter. Impact Capital Partners LLC grew its stake in shares of Chemed by 2.7% in the 1st quarter. Impact Capital Partners LLC now owns 763 shares of the company's stock valued at $469,000 after purchasing an additional 20 shares during the last quarter. KFG Wealth Management LLC grew its stake in shares of Chemed by 4.6% in the 1st quarter. KFG Wealth Management LLC now owns 525 shares of the company's stock valued at $323,000 after purchasing an additional 23 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Chemed by 16.1% in the 1st quarter. First Horizon Advisors Inc. now owns 173 shares of the company's stock valued at $107,000 after buying an additional 24 shares during the period. 95.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Patrick P. Grace sold 150 shares of Chemed stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $463.39, for a total transaction of $69,508.50. Following the completion of the transaction, the director directly owned 3,397 shares of the company's stock, valued at approximately $1,574,135.83. The trade was a 4.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Nicholas Michael Westfall sold 10,012 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $421.91, for a total value of $4,224,162.92. The disclosure for this sale can be found here. 3.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CHE has been the subject of several recent analyst reports. Wall Street Zen cut Chemed from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Royal Bank Of Canada reduced their price target on Chemed from $640.00 to $589.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Oppenheimer reduced their price target on Chemed from $650.00 to $580.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Bank of America reduced their price target on Chemed from $610.00 to $595.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Jefferies Financial Group raised Chemed from a "hold" rating to a "buy" rating and raised their price target for the company from $490.00 to $550.00 in a report on Tuesday, September 2nd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $578.50.

Chemed Stock Performance

CHE stock traded down $11.89 during midday trading on Friday, hitting $446.00. 160,245 shares of the stock were exchanged, compared to its average volume of 167,051. The stock's 50-day moving average price is $451.83 and its 200-day moving average price is $530.54. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 2.60 and a beta of 0.46. Chemed Corporation has a fifty-two week low of $408.42 and a fifty-two week high of $623.60.

Chemed (NYSE:CHE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.02 by ($1.75). The firm had revenue of $618.80 million for the quarter, compared to analyst estimates of $650.60 million. Chemed had a return on equity of 25.83% and a net margin of 11.56%.The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.47 earnings per share. Chemed has set its FY 2025 guidance at 22.000-22.300 EPS. Research analysts anticipate that Chemed Corporation will post 21.43 EPS for the current year.

Chemed Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 11th were issued a dividend of $0.60 per share. This is a boost from Chemed's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 11th. Chemed's payout ratio is presently 12.34%.

Chemed 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.