Triad Wealth Partners LLC Buys Shares of 1,362 Air Products and Chemicals, Inc. (NYSE:APD)

Triad Wealth Partners LLC purchased a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,362 shares of the basic materials company’s stock, valued at approximately $395,000.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in Air Products and Chemicals by 8.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,605 shares of the basic materials company’s stock worth $776,000 after purchasing an additional 207 shares during the last quarter. National Pension Service lifted its stake in Air Products and Chemicals by 7.7% in the third quarter. National Pension Service now owns 436,143 shares of the basic materials company’s stock valued at $129,857,000 after acquiring an additional 31,028 shares during the last quarter. Impax Asset Management Group plc acquired a new stake in Air Products and Chemicals in the third quarter valued at approximately $3,234,000. Catalyst Capital Advisors LLC increased its stake in shares of Air Products and Chemicals by 301.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,083 shares of the basic materials company’s stock worth $322,000 after purchasing an additional 813 shares during the last quarter. Finally, Stoneridge Investment Partners LLC bought a new position in shares of Air Products and Chemicals during the 3rd quarter valued at $1,000,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on APD shares. UBS Group raised their target price on Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Bank of America downgraded 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. Barclays raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $315.00 to $365.00 in a research report on Friday, January 24th. StockNews.com cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, 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 research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $343.53.

Air Products and Chemicals Stock Down 1.7 %

Shares of APD opened at $305.21 on Wednesday. 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 company has a 50-day moving average price of $310.52 and a two-hundred day moving average price of $306.62. The stock has a market cap of $67.90 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 3.07 and a beta of 0.85. Air Products and Chemicals, Inc. has a 12 month low of $227.53 and a 12 month high of $341.14.

Air Products and Chemicals (NYSE:APD) last announced 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%. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a dividend of $1.79 per share. The ex-dividend date is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.35%. 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 41.58%.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, insider Wilbur Mok sold 1,300 shares of Air Products and Chemicals stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $315.88, for a total value of $410,644.00. Following the completion of the transaction, the insider now owns 3,193 shares in the company, valued at approximately $1,008,604.84. The trade was a 28.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kurt Lefevere sold 1,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $316.17, for a total value of $474,255.00. Following the sale, the insider now owns 1,462 shares in the company, valued at $462,240.54. The trade was a 50.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,911 shares of company stock worth $4,660,897 over the last ninety days. Corporate insiders own 0.41% of the company’s stock.

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.