Envestnet Portfolio Solutions Inc. Sells 514 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,691 shares of the basic materials company’s stock after selling 514 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Air Products and Chemicals were worth $3,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in Air Products and Chemicals by 3.8% during the third quarter. Thrivent Financial for Lutherans now owns 32,297 shares of the basic materials company’s stock valued at $9,616,000 after purchasing an additional 1,177 shares in the last quarter. Pathstone Holdings LLC increased its position in shares of Air Products and Chemicals by 5.9% during the 3rd quarter. Pathstone Holdings LLC now owns 36,129 shares of the basic materials company’s stock valued at $10,757,000 after purchasing an additional 2,007 shares during the last quarter. Prospera Financial Services Inc raised its holdings in shares of Air Products and Chemicals by 1.8% during the 3rd quarter. Prospera Financial Services Inc now owns 14,578 shares of the basic materials company’s stock valued at $4,341,000 after buying an additional 255 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Air Products and Chemicals by 8.9% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,640 shares of the basic materials company’s stock worth $1,382,000 after buying an additional 381 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Air Products and Chemicals in the third quarter worth approximately $3,667,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on APD shares. Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price target on the stock. in a research note on Monday, January 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $320.00 target price (down previously from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. UBS Group cut their price target on shares of Air Products and Chemicals from $395.00 to $370.00 and set a “buy” rating for the company in a research report on Friday, March 14th. BMO Capital Markets cut Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Finally, Barclays raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $315.00 to $365.00 in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $342.65.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, insider Francesco Maione sold 2,016 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $306.00, for a total transaction of $616,896.00. Following the completion of the sale, the insider now directly owns 3,834 shares in the company, valued at approximately $1,173,204. This trade represents a 34.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Melissa N. Schaeffer sold 3,233 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $307.32, for a total transaction of $993,565.56. Following the completion of the transaction, the chief financial officer now owns 10,680 shares in the company, valued at approximately $3,282,177.60. This represents a 23.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,500 shares of company stock valued at $4,842,604. 0.41% of the stock is currently owned by company insiders.

Air Products and Chemicals Stock Up 0.9 %

Shares of NYSE APD opened at $294.43 on Thursday. The firm has a fifty day simple moving average of $313.07 and a two-hundred day simple moving average of $308.24. The firm has a market capitalization of $65.50 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 3.07 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a 12 month low of $227.53 and a 12 month high of $341.14.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data 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%. Equities analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders 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 is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.43%. Air Products and Chemicals’s dividend payout ratio is 41.58%.

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.