Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,363 shares of the basic materials company’s stock after selling 220 shares during the quarter. Air Products and Chemicals comprises 1.1% of Drucker Wealth 3.0 LLC’s investment portfolio, making the stock its 26th biggest position. Drucker Wealth 3.0 LLC’s holdings in Air Products and Chemicals were worth $4,746,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APD. Mantle Ridge LP acquired a new position in Air Products and Chemicals during the fourth quarter worth about $1,191,344,000. Norges Bank acquired a new position in Air Products and Chemicals during the fourth quarter worth about $919,721,000. Bank of America Corp DE boosted its holdings in Air Products and Chemicals by 129.4% in the 4th quarter. Bank of America Corp DE now owns 5,429,147 shares of the basic materials company’s stock valued at $1,574,670,000 after purchasing an additional 3,062,157 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Air Products and Chemicals in the 4th quarter valued at about $885,371,000. Finally, Capital International Investors acquired a new position in Air Products and Chemicals in the 4th quarter valued at about $436,636,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Walter L. Nelson sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total transaction of $181,706.50. Following the sale, the vice president now directly owns 719 shares of the company’s stock, valued at $221,811.50. This represents a 45.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

APD has been the topic of several recent analyst reports. UBS Group decreased their target price on shares of Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $320.00 target price (down from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. BNP Paribas upgraded shares of Air Products and Chemicals to a “strong-buy” rating in a report on Tuesday, February 11th. Citigroup decreased their target price on shares of Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Finally, BMO Capital Markets lowered shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.38.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $270.03 on Friday. The firm’s 50 day moving average price is $273.90 and its 200-day moving average price is $298.85. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14. The firm has a market cap of $60.09 billion, a P/E ratio of 15.68, a P/E/G ratio of 3.07 and a beta of 0.88.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, May 1st. The basic materials company reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.14). Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the company earned $2.85 earnings per share. Air Products and Chemicals’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities research analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Tuesday, July 1st will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.65%. The ex-dividend date is Tuesday, July 1st. Air Products and Chemicals’s payout ratio is currently 104.07%.

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.