1,024 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Bought by Advyzon Investment Management LLC

Advyzon Investment Management LLC bought a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,024 shares of the basic materials company's stock, valued at approximately $297,000.

Several other hedge funds also recently bought and sold shares of APD. Pathway Financial Advisers LLC lifted its stake in Air Products and Chemicals by 29,954.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company's stock worth $861,722,000 after purchasing an additional 2,884,581 shares in the last quarter. ING Groep NV lifted its stake in Air Products and Chemicals by 240.7% in the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company's stock worth $304,717,000 after purchasing an additional 723,019 shares in the last quarter. Mizuho Markets Americas LLC lifted its stake in Air Products and Chemicals by 318.7% in the 3rd quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company's stock worth $282,473,000 after purchasing an additional 722,132 shares in the last quarter. Van ECK Associates Corp lifted its stake in Air Products and Chemicals by 1,685.4% in the 3rd quarter. Van ECK Associates Corp now owns 764,489 shares of the basic materials company's stock worth $249,698,000 after purchasing an additional 721,671 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Air Products and Chemicals by 29,957.6% in the 3rd quarter. International Assets Investment Management LLC now owns 718,075 shares of the basic materials company's stock worth $2,138,000,000 after purchasing an additional 715,686 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a "buy" rating in a research report on Monday, November 11th. BMO Capital Markets cut shares of Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Barclays upgraded shares of Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $315.00 to $365.00 in a research report on Friday, January 24th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 target price on the stock in a research report on Friday, October 25th. Finally, Sanford C. Bernstein upgraded shares of Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $375.00 target price on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Air Products and Chemicals has an average rating of "Moderate Buy" and a consensus target price of $339.94.

Insider Activity

In related news, insider Wilbur Mok sold 1,300 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $315.88, for a total transaction of $410,644.00. Following the completion of the sale, the insider now owns 3,193 shares of the company's stock, valued at $1,008,604.84. This represents a 28.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Sean D. Major sold 4,500 shares of the firm's 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 represents a 23.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,911 shares of company stock worth $4,660,897. Corporate insiders own 0.41% of the company's stock.

Air Products and Chemicals Trading Down 1.4 %

APD stock traded down $4.26 during mid-day trading on Friday, reaching $310.02. The company had a trading volume of 1,392,858 shares, compared to its average volume of 1,750,034. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96. The company has a market capitalization of $68.97 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 3.14 and a beta of 0.85. The firm has a 50 day moving average of $308.55 and a 200 day moving average of $304.26. Air Products and Chemicals, Inc. has a 12 month low of $227.10 and a 12 month high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its 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%. On average, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm 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 dividend of $1.79 per share. 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. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.31%. Air Products and Chemicals's dividend payout ratio (DPR) 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.