Klingman & Associates LLC Sells 60 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Klingman & Associates LLC trimmed its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 774 shares of the basic materials company’s stock after selling 60 shares during the period. Klingman & Associates LLC’s holdings in Air Products and Chemicals were worth $224,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated lifted its holdings in shares of Air Products and Chemicals by 1.1% during the 4th quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company’s stock worth $888,000 after acquiring an additional 32 shares during the period. Bank of Stockton lifted its holdings in Air Products and Chemicals by 1.9% during the 3rd quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 34 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Air Products and Chemicals by 22.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 37 shares during the last quarter. Chesapeake Wealth Management lifted its holdings in Air Products and Chemicals by 1.7% during the 3rd quarter. Chesapeake Wealth Management now owns 2,189 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 37 shares during the last quarter. Finally, Keyes Stange & Wooten Wealth Management LLC lifted its holdings in Air Products and Chemicals by 1.5% during the 3rd quarter. Keyes Stange & Wooten Wealth Management LLC now owns 2,560 shares of the basic materials company’s stock valued at $762,000 after purchasing an additional 37 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Down 0.0 %

Shares of NYSE:APD opened at $316.89 on Thursday. Air Products and Chemicals, Inc. has a one year low of $225.26 and a one year high of $341.14. The company has a 50 day moving average of $308.49 and a 200-day moving average of $304.19. 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 stock has a market cap of $70.50 billion, a price-to-earnings 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 (EPS) 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, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. The ex-dividend date is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.26%. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s payout ratio is currently 41.11%.

Insider Activity at Air Products and Chemicals

In other Air Products and Chemicals news, insider Wilbur Mok sold 1,300 shares of Air Products and Chemicals 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 transaction, the insider now owns 3,193 shares of the company’s stock, valued at approximately $1,008,604.84. The trade was a 28.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Melissa N. Schaeffer sold 3,233 shares of Air Products and Chemicals stock in a transaction that occurred 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 completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,411 shares of company stock worth $4,186,642. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on APD. Wells Fargo & Company lifted their price target on shares of Air Products and Chemicals from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price target for the company. in a report on Monday, January 27th. UBS Group lifted their price target on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Sanford C. Bernstein raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price target for the company in a report on Friday, January 31st. Finally, Barclays upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $315.00 to $365.00 in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $339.94.

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.