Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,437 shares of the basic materials company’s stock after selling 202 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Air Products and Chemicals were worth $7,958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in APD. Silver Oak Securities Incorporated lifted its stake in Air Products and Chemicals by 1.1% in the 4th quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company’s stock valued at $888,000 after purchasing an additional 32 shares during the last quarter. Bank of Stockton raised its holdings in Air Products and Chemicals by 1.9% in the 3rd quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock valued at $540,000 after buying an additional 34 shares during the last quarter. Financial Perspectives Inc raised its holdings in Air Products and Chemicals by 33.3% in the 4th quarter. Financial Perspectives Inc now owns 140 shares of the basic materials company’s stock valued at $41,000 after buying an additional 35 shares during the last quarter. Exchange Traded Concepts LLC boosted 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 worth $60,000 after buying an additional 37 shares during the period. Finally, Chesapeake Wealth Management grew 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 worth $652,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $410,644.00. Following the transaction, the insider now directly owns 3,193 shares of the company’s stock, valued at $1,008,604.84. This trade represents a 28.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Francesco Maione sold 2,016 shares of the company’s stock in a transaction 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 sale, the insider now owns 3,834 shares of the company’s stock, valued at approximately $1,173,204. This represents a 34.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,411 shares of company stock valued at $4,186,642 in the last 90 days. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

APD has been the topic of several recent research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $320.00 target price (down from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. Sanford C. Bernstein raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price for the company in a research report on Friday, January 31st. Citigroup boosted their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Redburn Atlantic upgraded shares of 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 report on Friday, October 25th. Finally, Wells Fargo & Company boosted their target price 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $339.94.

Air Products and Chemicals Price Performance

NYSE:APD opened at $313.97 on Friday. The firm has a market capitalization of $69.85 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 3.14 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 0.96. The business has a 50 day simple moving average of $308.55 and a 200-day simple moving average of $304.26. Air Products and Chemicals, Inc. has a 1 year low of $226.95 and a 1 year high of $341.14.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, February 6th. The basic materials company reported $2.86 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%. Equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 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 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 dividend yield of 2.28%. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s payout ratio is currently 41.11%.

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.