Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 884 shares of the basic materials company’s stock after buying an additional 152 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $256,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals during the third quarter valued at $25,000. Raleigh Capital Management Inc. raised its position in shares of Air Products and Chemicals by 69.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 43 shares during the period. Financial Life Planners purchased a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $31,000. Iron Horse Wealth Management LLC lifted its stake in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 55 shares in the last quarter. Finally, Newton One Investments LLC purchased a new stake in shares of Air Products and Chemicals in the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on APD. BNP Paribas raised Air Products and Chemicals to a “strong-buy” rating in a research report on Tuesday, February 11th. Citigroup upped their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $315.00 to $365.00 in a report on Friday, January 24th. UBS Group upped their price target on Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Finally, BMO Capital Markets downgraded Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus price target of $339.94.

Insider Buying and Selling

In other Air Products and Chemicals news, VP Sean D. Major sold 4,500 shares of Air Products and Chemicals stock in a transaction on Friday, February 7th. The stock was sold at an average price of $315.46, for a total transaction of $1,419,570.00. Following the completion of the transaction, the vice president now directly owns 14,273 shares of the company’s stock, valued at approximately $4,502,560.58. This trade represents a 23.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Francesco Maione sold 2,016 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $306.00, for a total transaction of $616,896.00. Following the completion of the sale, the insider now directly owns 3,834 shares in the company, valued at approximately $1,173,204. The trade was a 34.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,749 shares of company stock worth $3,030,032 in the last 90 days. 0.41% of the stock is owned by company insiders.

Air Products and Chemicals Stock Performance

APD opened at $316.74 on Tuesday. The stock has a market cap of $70.44 billion, a PE ratio of 18.39, a P/E/G ratio of 3.47 and a beta of 0.85. Air Products and Chemicals, Inc. has a 1 year low of $220.26 and a 1 year high of $341.14. The stock’s 50 day simple moving average is $308.36 and its 200-day simple moving average is $303.65. The company has a current ratio of 1.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.71.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data 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%. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.77 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 positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio is currently 41.11%.

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.