Avidian Wealth Enterprises LLC Lowers Position in Air Products and Chemicals, Inc. (NYSE:APD)

Avidian Wealth Enterprises LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 729 shares of the basic materials company’s stock after selling 271 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Air Products and Chemicals were worth $211,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in APD. Exchange Traded Concepts LLC lifted its position 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 acquiring an additional 37 shares during the period. CX Institutional increased its stake in shares of Air Products and Chemicals by 2.6% during the third quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock valued at $400,000 after purchasing an additional 34 shares in the last quarter. Creative Planning lifted its holdings in shares of Air Products and Chemicals by 3.1% during the third quarter. Creative Planning now owns 71,202 shares of the basic materials company’s stock valued at $21,200,000 after purchasing an additional 2,131 shares during the last quarter. Fulton Breakefield Broenniman LLC purchased a new stake in shares of Air Products and Chemicals in the 3rd quarter worth approximately $204,000. Finally, Good Life Advisors LLC increased its position in Air Products and Chemicals by 34.5% during the 3rd quarter. Good Life Advisors LLC now owns 2,872 shares of the basic materials company’s stock valued at $855,000 after buying an additional 737 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APD. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research note on Friday, October 25th. BNP Paribas upgraded shares of Air Products and Chemicals to a “strong-buy” rating in a report on Tuesday. Sanford C. Bernstein upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price objective for the company in a report on Friday, January 31st. Bank of America lowered 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. Finally, UBS Group upped their price target on Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $339.94.

Air Products and Chemicals Trading Up 0.5 %

NYSE:APD opened at $316.74 on Friday. Air Products and Chemicals, Inc. has a one year low of $220.26 and a one year high of $341.14. The business has a fifty day moving average price of $308.42 and a 200-day moving average price of $302.74. The firm has a market capitalization of $70.47 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 3.47 and a beta of 0.85. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 1.34.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $2.86 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%. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.77 EPS 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. Stockholders of record on Tuesday, April 1st will be paid a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.26%. Air Products and Chemicals’s dividend payout ratio is 41.58%.

Insider Activity

In related news, VP Sean D. Major sold 4,500 shares of the stock in a transaction dated 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 sale, the vice president now owns 14,273 shares in the company, valued at approximately $4,502,560.58. This trade represents a 23.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Francesco Maione sold 2,016 shares of the business’s 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 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 disclosure for this sale can be found here. Insiders have sold 9,749 shares of company stock worth $3,030,032 in the last three months. Company insiders own 0.41% of the company’s stock.

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.