Insider Selling: Air Products and Chemicals, Inc. (NYSE:APD) Insider Sells 2,016 Shares of Stock

Air Products and Chemicals, Inc. (NYSE:APD) insider Francesco Maione sold 2,016 shares of the firm’s stock in a transaction that occurred 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 directly owns 3,834 shares of the company’s stock, valued at $1,173,204. The trade was a 34.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Air Products and Chemicals Stock Performance

APD stock opened at $315.30 on Friday. Air Products and Chemicals, Inc. has a 1-year low of $216.30 and a 1-year high of $341.14. The business has a 50-day moving average price of $308.56 and a 200 day moving average price of $302.65. The company has a market capitalization of $70.12 billion, a P/E ratio of 18.31, a PEG 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 results 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 net margin of 31.88% and a return on equity of 15.78%. As a group, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.77 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.27%. 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. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.11%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Air Products and Chemicals in the third quarter valued at about $555,000. Exchange Traded Concepts LLC boosted its holdings in shares of Air Products and Chemicals by 22.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock valued at $60,000 after buying an additional 37 shares in the last quarter. CHICAGO TRUST Co NA raised its stake in shares of Air Products and Chemicals by 7.6% during the 3rd quarter. CHICAGO TRUST Co NA now owns 1,592 shares of the basic materials company’s stock worth $474,000 after acquiring an additional 113 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in Air Products and Chemicals by 14.3% during the third quarter. Koshinski Asset Management Inc. now owns 4,480 shares of the basic materials company’s stock valued at $1,334,000 after acquiring an additional 562 shares during the last quarter. Finally, CVA Family Office LLC boosted its stake in Air Products and Chemicals by 11.4% in the third quarter. CVA Family Office LLC now owns 674 shares of the basic materials company’s stock valued at $201,000 after acquiring an additional 69 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on APD. BMO Capital Markets downgraded Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th. Bank of America cut 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 research note on Monday, January 27th. UBS Group upped 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. Wells Fargo & Company raised 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. Finally, BNP Paribas raised Air Products and Chemicals to a “strong-buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.