Tiemann Investment Advisors LLC Sells 285 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Tiemann Investment Advisors LLC reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 18.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,245 shares of the basic materials company’s stock after selling 285 shares during the period. Tiemann Investment Advisors LLC’s holdings in Air Products and Chemicals were worth $361,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Air Products and Chemicals during the 3rd quarter worth about $25,000. Sierra Ocean LLC bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth approximately $30,000. Raleigh Capital Management Inc. grew its position in shares of Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 43 shares during the last quarter. Financial Life Planners acquired a new position in shares of Air Products and Chemicals in the fourth quarter valued at approximately $31,000. Finally, WR Wealth Planners LLC lifted its holdings in Air Products and Chemicals by 40.3% during the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 31 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

APD has been the subject of a number of recent research reports. Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $315.00 to $365.00 in a research report on Friday, January 24th. Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective for the company. in a report on Monday, January 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $320.00 target price (down from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. Wells Fargo & Company boosted their price target on Air Products and Chemicals from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Citigroup raised their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $343.53.

Insider Activity at Air Products and Chemicals

In other news, insider Kurt Lefevere sold 1,500 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $316.17, for a total value of $474,255.00. Following the transaction, the insider now directly owns 1,462 shares of the company’s stock, valued at $462,240.54. The trade was a 50.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Sean D. Major sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $315.46, for a total value of $1,419,570.00. Following the sale, the vice president now directly owns 14,273 shares of the company’s stock, valued at $4,502,560.58. This represents a 23.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,500 shares of company stock worth $4,842,604 over the last quarter. Company insiders own 0.41% of the company’s stock.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $316.76 on Monday. The company has a market capitalization of $70.47 billion, a PE ratio of 18.39, a P/E/G ratio of 3.07 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $311.63 and a two-hundred day moving average price of $307.43. 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 issued 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 return on equity of 15.78% and a net margin of 31.88%. Analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current 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 paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.58%.

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.