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

Good Life Advisors LLC lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 27.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,078 shares of the basic materials company’s stock after selling 794 shares during the quarter. Good Life Advisors LLC’s holdings in Air Products and Chemicals were worth $603,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in Air Products and Chemicals during the third quarter worth about $25,000. Sierra Ocean LLC purchased a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $30,000. Raleigh Capital Management Inc. lifted its holdings in shares of Air Products and Chemicals by 69.4% in the 4th 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 period. Financial Life Planners purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $31,000. Finally, Iron Horse Wealth Management LLC grew its holdings in Air Products and Chemicals by 88.7% during the third 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 Activity at Air Products and Chemicals

In related news, insider Wilbur Mok sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $315.88, for a total value of $410,644.00. Following the completion of the sale, the insider now directly owns 3,193 shares in the company, valued at approximately $1,008,604.84. The trade was a 28.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Francesco Maione sold 2,016 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $306.00, for a total transaction of $616,896.00. Following the transaction, the insider now directly owns 3,834 shares in the company, valued at approximately $1,173,204. This represents a 34.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,411 shares of company stock worth $4,186,642. 0.41% of the stock is currently owned by insiders.

Air Products and Chemicals Trading Down 0.0 %

Shares of APD stock opened at $316.89 on Thursday. Air Products and Chemicals, Inc. has a twelve month low of $225.26 and a twelve month high of $341.14. The company has a market capitalization of $70.50 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 3.13 and a beta of 0.85. The firm has a 50-day moving average price of $308.49 and a 200 day moving average price of $304.19. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be given a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.26%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s payout ratio is currently 41.11%.

Analyst Ratings Changes

APD has been the topic of several research analyst reports. Sanford C. Bernstein upgraded shares of 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 report on Friday, January 31st. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a report on Friday, October 25th. 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 report on Monday, January 27th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $320.00 price target (down previously from $345.00) on shares of Air Products and Chemicals in a research note on Friday, February 7th. Finally, Citigroup raised their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and an average price target 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.