Pathway Financial Advisers LLC Grows Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Pathway Financial Advisers LLC grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,914 shares of the basic materials company’s stock after buying an additional 193 shares during the period. Pathway Financial Advisers LLC’s holdings in Air Products and Chemicals were worth $2,875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Truvestments Capital LLC purchased a new position in shares of Air Products and Chemicals during the third quarter valued at about $25,000. Raleigh Capital Management Inc. grew its holdings in shares of Air Products and Chemicals by 69.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 43 shares during the period. Financial Life Planners bought a new position in shares of Air Products and Chemicals in the 4th quarter worth approximately $31,000. Iron Horse Wealth Management LLC lifted its stake in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Finally, Newton One Investments LLC bought a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price objective on Air Products and Chemicals from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. UBS Group increased their price target on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $315.00 to $365.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $320.00 target price (down previously from $345.00) on shares of Air Products and Chemicals in a research note on Friday, February 7th. Finally, BNP Paribas upgraded shares of Air Products and Chemicals to a “strong-buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $339.94.

Air Products and Chemicals Stock Up 0.3 %

Shares of Air Products and Chemicals stock opened at $310.35 on Thursday. Air Products and Chemicals, Inc. has a twelve month low of $216.30 and a twelve month high of $341.14. The company has a quick ratio of 1.34, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average is $308.56 and its 200 day moving average is $302.65. The company has a market cap of $69.02 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 3.47 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.27). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. Research analysts anticipate that Air Products and Chemicals, Inc. will post 12.77 EPS for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be issued a $1.79 dividend. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.31%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.11%.

Insider Transactions at Air Products and Chemicals

In related news, insider Francesco Maione sold 2,016 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $306.00, for a total value of $616,896.00. Following the completion of the transaction, the insider now owns 3,834 shares of the company’s stock, valued at approximately $1,173,204. This represents a 34.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Sean D. Major sold 4,500 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $315.46, for a total value of $1,419,570.00. Following the completion of the sale, the vice president now owns 14,273 shares of the company’s stock, valued at $4,502,560.58. The trade was a 23.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,749 shares of company stock worth $3,030,032 in the last 90 days. 0.41% of the stock is currently owned by insiders.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.