Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Conscious Wealth Investments LLC

Conscious Wealth Investments LLC raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,822 shares of the basic materials company’s stock after purchasing an additional 131 shares during the period. Air Products and Chemicals accounts for approximately 2.3% of Conscious Wealth Investments LLC’s holdings, making the stock its 15th biggest position. Conscious Wealth Investments LLC’s holdings in Air Products and Chemicals were worth $3,439,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of APD. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals during the third quarter worth approximately $25,000. Raleigh Capital Management Inc. raised its stake in Air Products and Chemicals by 69.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 43 shares in the last quarter. Sierra Ocean LLC bought a new stake in Air Products and Chemicals during the 4th quarter valued at $30,000. Financial Life Planners acquired a new position in Air Products and Chemicals during the 4th quarter worth $31,000. Finally, Newton One Investments LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter worth $38,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE APD opened at $310.02 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a 1 year low of $227.10 and a 1 year high of $341.14. The company has a market cap of $68.97 billion, a PE ratio of 18.00, a PEG ratio of 3.12 and a beta of 0.85. The stock’s 50-day moving average price is $308.50 and its two-hundred day moving average price is $304.85.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results 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, analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 2.31%. 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%.

Insider Activity

In related news, VP Sean D. Major sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were 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 directly 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 the SEC website. Also, CFO Melissa N. Schaeffer sold 3,233 shares of the business’s 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 transaction, the chief financial officer now directly owns 10,680 shares in the company, valued at $3,282,177.60. The trade was a 23.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,911 shares of company stock worth $4,660,897. 0.41% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Bank of America cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective on the stock. in a research note on Monday, January 27th. BMO Capital Markets downgraded shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th. StockNews.com cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, February 7th. BNP Paribas upgraded shares of Air Products and Chemicals to a “strong-buy” rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $320.00 target price (down from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company 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.