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

Angeles Investment Advisors LLC lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,190 shares of the basic materials company’s stock after selling 83 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Air Products and Chemicals were worth $635,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. First Horizon Advisors Inc. grew its position in shares of Air Products and Chemicals by 1.8% in the fourth quarter. First Horizon Advisors Inc. now owns 1,742 shares of the basic materials company’s stock valued at $505,000 after purchasing an additional 31 shares in the last quarter. Lake Street Advisors Group LLC grew its position in shares of Air Products and Chemicals by 1.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,028 shares of the basic materials company’s stock valued at $588,000 after purchasing an additional 31 shares in the last quarter. WR Wealth Planners LLC grew its position in shares of Air Products and Chemicals by 40.3% in the fourth quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. Silver Oak Securities Incorporated grew its position in shares of Air Products and Chemicals by 1.1% in the fourth 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 in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in shares of Air Products and Chemicals by 3.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 974 shares of the basic materials company’s stock valued at $282,000 after purchasing an additional 33 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Walter L. Nelson sold 589 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $308.50, for a total value of $181,706.50. Following the sale, the vice president now directly owns 719 shares in the company, valued at approximately $221,811.50. This trade represents a 45.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Francesco Maione sold 2,016 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $306.00, for a total value of $616,896.00. Following the completion of the sale, the insider now owns 3,834 shares in the company, valued at approximately $1,173,204. The trade was a 34.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,500 shares of company stock worth $4,842,604. Corporate insiders own 0.41% of the company’s stock.

Air Products and Chemicals Stock Down 0.5 %

NYSE:APD opened at $291.35 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The stock’s fifty day moving average is $313.19 and its two-hundred day moving average is $308.69. Air Products and Chemicals, Inc. has a 52 week low of $227.53 and a 52 week high of $341.14. The stock has a market capitalization of $64.82 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 3.07 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD) last released its quarterly 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 return on equity of 15.78% and a net margin of 31.88%. Research analysts anticipate 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 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. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.58%.

Wall Street Analyst Weigh In

APD has been the subject of a number of analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $320.00 price target (down from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. Sanford C. Bernstein upgraded 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 research report on Friday, January 31st. BNP Paribas upgraded Air Products and Chemicals to a “strong-buy” rating in a research report on Tuesday, February 11th. UBS Group lowered their price objective on Air Products and Chemicals from $395.00 to $370.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Finally, StockNews.com lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $342.65.

About Air Products and Chemicals

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.