Sage Private Wealth Group LLC Sells 69 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Sage Private Wealth Group LLC lowered its position in Air Products and Chemicals, Inc. (NYSE:APD) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,339 shares of the basic materials company’s stock after selling 69 shares during the quarter. Sage Private Wealth Group LLC’s holdings in Air Products and Chemicals were worth $389,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new position in Air Products and Chemicals in the 3rd quarter valued at approximately $25,000. Raleigh Capital Management Inc. increased its holdings in 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 period. Financial Life Planners acquired a new stake in Air Products and Chemicals in the fourth quarter valued at $31,000. Iron Horse Wealth Management LLC raised its position in Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. Finally, Newton One Investments LLC acquired a new position in Air Products and Chemicals during the 4th quarter worth about $38,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on APD shares. StockNews.com cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 target price for the company. in a research report on Monday, January 27th. 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. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research report on Friday, October 25th. Finally, Wells Fargo & Company boosted their target price on shares of Air Products and Chemicals from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $339.94.

Air Products and Chemicals Trading Down 0.3 %

Shares of Air Products and Chemicals stock opened at $309.50 on Wednesday. The stock has a market capitalization of $68.83 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 3.47 and a beta of 0.85. Air Products and Chemicals, Inc. has a 52 week low of $216.30 and a 52 week high of $341.14. The stock has a 50 day moving average price of $309.32 and a two-hundred day moving average price of $302.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.34 and a current ratio of 1.11.

Air Products and Chemicals (NYSE:APD) last issued 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%. As a group, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.77 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s payout ratio is currently 41.11%.

Insider Transactions at Air Products and Chemicals

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