Tower Wealth Partners Inc. Trims Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Tower Wealth Partners Inc. trimmed its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 22.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 691 shares of the basic materials company’s stock after selling 201 shares during the period. Tower Wealth Partners Inc.’s holdings in Air Products and Chemicals were worth $200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors 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 3rd quarter worth $25,000. Raleigh Capital Management Inc. lifted its position in Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 43 shares during the last quarter. Sierra Ocean LLC purchased a new position in Air Products and Chemicals during the fourth quarter worth about $30,000. Financial Life Planners acquired a new stake in shares of Air Products and Chemicals during the fourth quarter valued at about $31,000. Finally, WR Wealth Planners LLC lifted its holdings in shares of Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 31 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 1.9 %

Shares of NYSE:APD opened at $316.76 on Monday. The firm has a 50 day simple moving average of $311.63 and a 200-day simple moving average of $307.43. Air Products and Chemicals, Inc. has a twelve month low of $227.53 and a twelve month high of $341.14. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $70.47 billion, a PE ratio of 18.39, a P/E/G ratio of 3.07 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This is a positive change 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 annualized dividend and a yield of 2.26%. Air Products and Chemicals’s payout ratio is 41.58%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. BNP Paribas upgraded shares of Air Products and Chemicals to a “strong-buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $320.00 price objective (down previously from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. Citigroup raised their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday, November 11th. Bank of America downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 target price for the company. in a research report on Monday, January 27th. Finally, Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $315.00 to $365.00 in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $343.53.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, VP Sean D. Major sold 4,500 shares of Air Products and Chemicals stock in a transaction that occurred 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 transaction, the vice president now directly owns 14,273 shares in the company, valued at approximately $4,502,560.58. This trade represents a 23.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Walter L. Nelson sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $308.50, for a total value of $181,706.50. Following the sale, the vice president now owns 719 shares of the company’s stock, valued at $221,811.50. This trade represents a 45.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,500 shares of company stock worth $4,842,604. 0.41% of the stock is owned by insiders.

Air Products and Chemicals 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.