Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Modern Wealth Management LLC

Modern Wealth Management LLC grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,728 shares of the basic materials company’s stock after buying an additional 90 shares during the period. Modern Wealth Management LLC’s holdings in Air Products and Chemicals were worth $537,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in Air Products and Chemicals in the 4th quarter worth approximately $230,000. Haverford Trust Co lifted its position in Air Products and Chemicals by 0.3% during the fourth quarter. Haverford Trust Co now owns 416,726 shares of the basic materials company’s stock worth $120,867,000 after buying an additional 1,258 shares in the last quarter. Prudential Financial Inc. boosted its stake in Air Products and Chemicals by 43.8% during the fourth quarter. Prudential Financial Inc. now owns 198,232 shares of the basic materials company’s stock worth $57,495,000 after buying an additional 60,333 shares during the last quarter. ICW Investment Advisors LLC grew its holdings in Air Products and Chemicals by 2.7% in the 4th quarter. ICW Investment Advisors LLC now owns 5,028 shares of the basic materials company’s stock valued at $1,458,000 after buying an additional 133 shares in the last quarter. Finally, Twin City Private Wealth LLC increased its stake in shares of Air Products and Chemicals by 0.6% in the 4th quarter. Twin City Private Wealth LLC now owns 7,936 shares of the basic materials company’s stock worth $2,302,000 after acquiring an additional 49 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

APD stock opened at $295.40 on Friday. The business’s 50-day moving average is $312.18 and its two-hundred day moving average is $308.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96. The firm has a market capitalization of $65.72 billion, a P/E ratio of 17.15, a P/E/G ratio of 3.07 and a beta of 0.85. Air Products and Chemicals, Inc. has a 1 year low of $227.53 and a 1 year high of $341.14.

Air Products and Chemicals (NYSE:APD) last issued its 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%. Analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently announced 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 represents a $7.16 annualized dividend and a yield of 2.42%. The ex-dividend date is Tuesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio is 41.58%.

Insider Buying and Selling at Air Products and Chemicals

In related news, VP Sean D. Major sold 4,500 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $315.46, for a total value of $1,419,570.00. Following the transaction, the vice president now directly owns 14,273 shares of the company’s stock, valued at $4,502,560.58. This trade represents a 23.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Wilbur Mok sold 1,300 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $315.88, for a total transaction of $410,644.00. Following the completion of the sale, the insider now directly owns 3,193 shares of the company’s stock, valued at approximately $1,008,604.84. This trade represents a 28.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,500 shares of company stock worth $4,842,604 over the last ninety days. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price objective for the company in a report on Friday, January 31st. StockNews.com cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Wells Fargo & Company lifted their price target on shares of Air Products and Chemicals from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. UBS Group lowered their price objective on 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. Finally, BNP Paribas upgraded Air Products and Chemicals to a “strong-buy” rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus target price of $341.47.

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.