Lindbrook Capital LLC Has $1.05 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Lindbrook Capital LLC increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,612 shares of the basic materials company’s stock after buying an additional 109 shares during the period. Lindbrook Capital LLC’s holdings in Air Products and Chemicals were worth $1,048,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in APD. Raymond James Financial Inc. acquired a new stake in Air Products and Chemicals during the 4th quarter worth approximately $885,371,000. ING Groep NV boosted its position in Air Products and Chemicals by 240.7% during the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock worth $304,717,000 after buying an additional 723,019 shares during the period. Mizuho Markets Americas LLC boosted its position in Air Products and Chemicals by 318.7% during the 3rd quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company’s stock worth $282,473,000 after buying an additional 722,132 shares during the period. Sachem Head Capital Management LP acquired a new stake in Air Products and Chemicals during the 3rd quarter worth approximately $163,013,000. Finally, TOMS Capital Investment Management LP acquired a new stake in Air Products and Chemicals during the 3rd quarter worth approximately $159,886,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $311.70 on Thursday. The company has a fifty day moving average of $310.83 and a 200-day moving average of $306.65. The firm has a market capitalization of $69.34 billion, a P/E ratio of 18.10, a P/E/G ratio of 3.07 and a beta of 0.85. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a twelve month low of $227.53 and a twelve 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 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%. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s payout ratio is 41.58%.

Analyst Ratings Changes

Several equities research analysts recently commented on APD shares. StockNews.com downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. BNP Paribas upgraded shares of Air Products and Chemicals to a “strong-buy” rating in a research report on Tuesday, February 11th. UBS Group boosted their price target on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Citigroup boosted their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and an average price target of $343.53.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, insider Kurt Lefevere sold 1,500 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $316.17, for a total transaction of $474,255.00. Following the completion of the sale, the insider now owns 1,462 shares in the company, valued at approximately $462,240.54. The trade was a 50.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Francesco Maione sold 2,016 shares of Air Products and Chemicals stock in a transaction on Monday, February 10th. The stock was sold at an average price of $306.00, for a total transaction of $616,896.00. Following the transaction, the insider now directly owns 3,834 shares in the company, valued at $1,173,204. This represents a 34.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,911 shares of company stock worth $4,660,897. 0.41% of the stock is owned by corporate insiders.

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.