GuruFocus - On September 9, 2024, Nicholas Westfall, Executive Vice President of Chemed Corp (NYSE:CHE), sold 1,713 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 6,109 shares of Chemed Corp.
Chemed Corp operates through its subsidiaries, primarily in the healthcare and chemical industries. The company is known for its two main segments: VITAS, which provides hospice care services, and Roto-Rooter, a provider of plumbing and drain cleaning services.
Over the past year, Nicholas Westfall has sold a total of 5,713 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed within Chemed Corp, where there have been 23 insider sells and no insider buys over the past year.
Shares of Chemed Corp were trading at $569.35 on the day of the sale. The company's market cap is approximately $8.618 billion. The price-earnings ratio stands at 29.14, which is above both the industry median of 23.62 and the company's historical median.
The stock's valuation according to the GF Value is $569.63, indicating that the stock is Fairly Valued with a price-to-GF-Value ratio of 1. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and stock valuation. The consistent pattern of insider sales over the past year could suggest various strategic financial decisions at the executive level, though each investor might interpret these actions differently based on broader market conditions and individual investment strategies.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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