Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 27.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,078 shares of the basic materials company’s stock after selling 794 shares during the period. Good Life Advisors LLC’s holdings in Air Products and Chemicals were worth $603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in APD. Truvestments Capital LLC purchased a new position in Air Products and Chemicals in the third quarter valued at about $25,000. Raleigh Capital Management Inc. grew its stake in shares of 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 in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Air Products and Chemicals during the 4th quarter valued at about $30,000. Financial Life Planners acquired a new position in Air Products and Chemicals during the 4th quarter worth approximately $31,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Transactions at Air Products and Chemicals

In other news, VP Victoria Brifo sold 2,362 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $315.82, for a total transaction of $745,966.84. Following the sale, the vice president now directly owns 10,045 shares of the company’s stock, valued at $3,172,411.90. The trade was a 19.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the transaction, the vice president now 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,411 shares of company stock valued at $4,186,642. Corporate insiders own 0.41% of the company’s stock.

Air Products and Chemicals Stock Down 0.0 %

APD opened at $316.89 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96. Air Products and Chemicals, Inc. has a 12 month low of $225.26 and a 12 month high of $341.14. The stock’s 50 day moving average price is $308.49 and its 200 day moving average price is $304.19. The stock has a market cap of $70.50 billion, a P/E ratio of 18.40, a P/E/G ratio of 3.13 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD) last issued 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%. As a group, research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current 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 paid a dividend of $1.79 per share. This is a positive change 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 2.26%. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.11%.

Analyst Upgrades and Downgrades

APD has been the topic of a number of recent research reports. BMO Capital Markets cut shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th. Bank of America cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective for the company. in a research report on Monday, January 27th. Barclays raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $315.00 to $365.00 in a research report on Friday, January 24th. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research note on Friday, October 25th. Finally, Wells Fargo & Company lifted their price objective on shares of Air Products and Chemicals from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.