Arcadia Investment Management Corp MI Reduces Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Arcadia Investment Management Corp MI lowered its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,905 shares of the basic materials company’s stock after selling 709 shares during the period. Air Products and Chemicals accounts for 1.4% of Arcadia Investment Management Corp MI’s investment portfolio, making the stock its 26th largest holding. Arcadia Investment Management Corp MI’s holdings in Air Products and Chemicals were worth $8,674,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Compass Capital Corp MA ADV acquired a new stake in Air Products and Chemicals during the 4th quarter worth $322,000. Cordatus Wealth Management LLC acquired a new stake in Air Products and Chemicals during the 4th quarter worth $2,216,000. Nicholson Wealth Management Group LLC boosted its stake in Air Products and Chemicals by 99.1% during the 4th quarter. Nicholson Wealth Management Group LLC now owns 5,213 shares of the basic materials company’s stock worth $1,512,000 after purchasing an additional 2,595 shares during the period. Advyzon Investment Management LLC acquired a new stake in Air Products and Chemicals during the 4th quarter worth $297,000. Finally, Mcdaniel Terry & Co. boosted its stake in Air Products and Chemicals by 1.0% during the 4th quarter. Mcdaniel Terry & Co. now owns 65,321 shares of the basic materials company’s stock worth $18,946,000 after purchasing an additional 630 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on APD. Barclays upgraded 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 note on Friday, January 24th. UBS Group raised their target price 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. Bank of America cut shares of 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 note on Monday, January 27th. Wells Fargo & Company raised their target price on shares of Air Products and Chemicals from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $339.94.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, insider Wilbur Mok sold 1,300 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 3,193 shares in the company, valued at approximately $1,008,604.84. This trade represents a 28.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Melissa N. Schaeffer sold 3,233 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $307.32, for a total transaction of $993,565.56. Following the transaction, the chief financial officer now owns 10,680 shares of the company’s stock, valued at $3,282,177.60. This trade represents a 23.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,411 shares of company stock worth $4,186,642. 0.41% of the stock is owned by corporate insiders.

Air Products and Chemicals Stock Performance

Shares of APD opened at $313.97 on Friday. The company has a 50-day simple moving average of $308.55 and a 200-day simple moving average of $304.26. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $69.85 billion, a PE ratio of 18.23, a P/E/G ratio of 3.14 and a beta of 0.85. Air Products and Chemicals, Inc. has a 52-week low of $226.95 and a 52-week high of $341.14.

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 (EPS) 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%. Equities research analysts predict 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. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a yield of 2.28%. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.11%.

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.