Legacy Capital Wealth Partners LLC Sells 202 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Legacy Capital Wealth Partners LLC lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,087 shares of the basic materials company’s stock after selling 202 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $605,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in Air Products and Chemicals in the third quarter valued at about $25,000. Raleigh Capital Management Inc. boosted its holdings 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 acquiring an additional 43 shares during the last quarter. Financial Life Planners bought a new position in Air Products and Chemicals in the fourth quarter valued at about $31,000. Iron Horse Wealth Management LLC boosted its holdings in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the last quarter. Finally, Newton One Investments LLC acquired a new position in Air Products and Chemicals in the fourth quarter valued at about $38,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.5 %

Shares of Air Products and Chemicals stock opened at $316.74 on Monday. The business’s 50 day simple moving average is $308.36 and its 200 day simple moving average is $303.37. Air Products and Chemicals, Inc. has a 52-week low of $220.26 and a 52-week high of $341.14. The firm has a market cap of $70.44 billion, a PE ratio of 18.39, a P/E/G ratio of 3.47 and a beta of 0.85. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.34 and a current ratio of 1.11.

Air Products and Chemicals (NYSE:APD) last posted 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, analysts predict that Air Products and Chemicals, Inc. will post 12.77 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 2.26%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.11%.

Insider Buying and Selling at Air Products and Chemicals

In other 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 transaction of $1,419,570.00. Following the completion of the transaction, the vice president now directly owns 14,273 shares in the company, valued at approximately $4,502,560.58. The trade was a 23.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Francesco Maione sold 2,016 shares of Air Products and Chemicals stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $306.00, for a total value of $616,896.00. Following the transaction, the insider now owns 3,834 shares of the company’s stock, valued at $1,173,204. This represents a 34.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,749 shares of company stock worth $3,030,032 over the last ninety days. 0.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

APD has been the topic of several analyst reports. JPMorgan Chase & Co. reissued 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 note on Friday, February 7th. StockNews.com lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. BNP Paribas raised Air Products and Chemicals to a “strong-buy” rating in a research note on Tuesday, February 11th. Sanford C. Bernstein raised Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price on the stock in a research note on Friday, January 31st. Finally, Wells Fargo & Company raised their price target on Air Products and Chemicals from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $339.94.

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.