Principal Financial Group Inc. Sells 46,767 Shares of Chemed Corporation $CHE

Principal Financial Group Inc. lessened its holdings in shares of Chemed Corporation (NYSE:CHE) by 59.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,364 shares of the company’s stock after selling 46,767 shares during the quarter. Principal Financial Group Inc.’s holdings in Chemed were worth $14,491,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CHE. UMB Bank n.a. boosted its stake in shares of Chemed by 50.3% during the 3rd quarter. UMB Bank n.a. now owns 218 shares of the company’s stock worth $98,000 after acquiring an additional 73 shares during the period. Independent Advisor Alliance boosted its position in Chemed by 6.3% during the third quarter. Independent Advisor Alliance now owns 1,681 shares of the company’s stock worth $753,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System increased its holdings in shares of Chemed by 1.5% in the third quarter. Arizona State Retirement System now owns 4,329 shares of the company’s stock valued at $1,938,000 after purchasing an additional 64 shares during the last quarter. Pandora Wealth Inc. raised its position in shares of Chemed by 4.9% in the third quarter. Pandora Wealth Inc. now owns 994 shares of the company’s stock valued at $445,000 after purchasing an additional 46 shares during the period. Finally, Clarus Group Inc. lifted its stake in shares of Chemed by 24.0% during the 3rd quarter. Clarus Group Inc. now owns 1,322 shares of the company’s stock worth $592,000 after buying an additional 256 shares during the last quarter. 95.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank Of Canada decreased their price target on shares of Chemed from $589.00 to $572.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Zacks Research raised Chemed from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Jefferies Financial Group lowered Chemed from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Chemed in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $555.50.

Chemed Price Performance

Chemed stock opened at $447.92 on Tuesday. The firm has a market cap of $6.34 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The stock’s fifty day moving average price is $437.01 and its two-hundred day moving average price is $441.68. Chemed Corporation has a one year low of $408.42 and a one year high of $623.60.

Insider Activity at Chemed

In related news, CEO Kevin J. Mcnamara sold 2,000 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $437.55, for a total value of $875,100.00. Following the completion of the transaction, the chief executive officer owned 94,197 shares of the company’s stock, valued at $41,215,897.35. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.29% of the company’s stock.

About Chemed

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.