Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Norden Group LLC

Norden Group LLC cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 5.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,985 shares of the basic materials company’s stock after selling 122 shares during the period. Norden Group LLC’s holdings in Air Products and Chemicals were worth $576,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of APD. Truvestments Capital LLC acquired a new stake in shares of Air Products and Chemicals during the 3rd quarter worth $25,000. Raleigh Capital Management Inc. increased 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 buying an additional 43 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Air Products and Chemicals during the 4th quarter worth $30,000. Financial Life Planners acquired a new stake in shares of Air Products and Chemicals during the 4th quarter worth $31,000. Finally, WR Wealth Planners LLC increased its holdings in shares of Air Products and Chemicals by 40.3% during the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after buying an additional 31 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on APD. Citigroup upped their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the stock 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 price objective for the company. in a report on Monday, January 27th. Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $315.00 to $365.00 in a report on Friday, January 24th. JPMorgan Chase & Co. restated a “neutral” rating and set a $320.00 price objective (down from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. Finally, BMO Capital Markets downgraded Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average price target of $343.53.

Insider Buying and Selling at Air Products and Chemicals

In other news, VP Sean D. Major sold 4,500 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $315.46, for a total transaction of $1,419,570.00. Following the transaction, the vice president now owns 14,273 shares of the company’s stock, valued at approximately $4,502,560.58. This trade represents a 23.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Victoria Brifo sold 2,362 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $315.82, for a total transaction of $745,966.84. Following the transaction, the vice president now directly owns 10,045 shares in the company, valued at $3,172,411.90. The trade was a 19.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,911 shares of company stock valued at $4,660,897 in the last ninety days. Insiders own 0.41% of the company’s stock.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $310.31 on Tuesday. 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 50-day moving average of $310.34 and a two-hundred day moving average of $306.41. The stock has a market cap of $69.04 billion, a P/E ratio of 18.02, a PEG 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 posted its quarterly earnings data 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, research analysts expect 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a $1.79 dividend. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio is presently 41.58%.

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.