Jmac Enterprises LLC Grows Position in Air Products and Chemicals, Inc. (NYSE:APD)

Jmac Enterprises LLC raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 11.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,838 shares of the basic materials company’s stock after purchasing an additional 729 shares during the period. Jmac Enterprises LLC’s holdings in Air Products and Chemicals were worth $1,983,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Truvestments Capital LLC purchased a new position in Air Products and Chemicals during the third quarter valued at approximately $25,000. Raleigh Capital Management Inc. boosted its position in 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 valued at $30,000 after acquiring an additional 43 shares in the last quarter. Financial Life Planners purchased a new position in shares of Air Products and Chemicals in the 4th quarter valued at $31,000. Iron Horse Wealth Management LLC raised its position in shares of 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 in the last quarter. Finally, Newton One Investments LLC purchased a new stake in shares of Air Products and Chemicals during the 4th quarter worth $38,000. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling

In other Air Products and Chemicals news, insider Francesco Maione sold 2,016 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $306.00, for a total transaction of $616,896.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Melissa N. Schaeffer sold 3,233 shares of the stock in a transaction on 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 directly owns 10,680 shares in the company, valued at approximately $3,282,177.60. The trade was a 23.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,749 shares of company stock valued at $3,030,032 over the last ninety days. Company insiders own 0.41% of the company’s stock.

Air Products and Chemicals Stock Performance

APD opened at $309.50 on Wednesday. The firm has a 50 day moving average of $309.32 and a two-hundred day moving average of $302.26. The firm has a market capitalization of $68.83 billion, a PE ratio of 17.97, a P/E/G ratio of 3.47 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a 12-month low of $216.30 and a 12-month high of $341.14.

Air Products and Chemicals (NYSE:APD) last issued its earnings results 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 return on equity of 15.78% and a net margin of 31.88%. On average, analysts anticipate that Air Products and Chemicals, Inc. will post 12.77 EPS for the current year.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a $1.79 dividend. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.31%. Air Products and Chemicals’s dividend payout ratio is presently 41.11%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on APD shares. UBS Group boosted 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 report on Tuesday, January 28th. Wells Fargo & Company boosted 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 research note on Friday, February 7th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a research note on Friday, October 25th. StockNews.com downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $315.00 to $365.00 in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.