Air Products and Chemicals, Inc. (NYSE:APD) is Walnut Level Capital LLC's 10th Largest Position

Walnut Level Capital LLC trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 44.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,892 shares of the basic materials company's stock after selling 22,500 shares during the quarter. Air Products and Chemicals accounts for about 3.1% of Walnut Level Capital LLC's investment portfolio, making the stock its 10th biggest position. Walnut Level Capital LLC's holdings in Air Products and Chemicals were worth $8,090,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in shares of Air Products and Chemicals by 1.3% during the third quarter. LPL Financial LLC now owns 308,329 shares of the basic materials company's stock worth $91,802,000 after purchasing an additional 3,901 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in Air Products and Chemicals by 22.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 32,220 shares of the basic materials company's stock worth $10,085,000 after buying an additional 5,854 shares during the last quarter. Nicolet Advisory Services LLC grew its position in shares of Air Products and Chemicals by 6.7% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,605 shares of the basic materials company's stock worth $458,000 after acquiring an additional 101 shares in the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of Air Products and Chemicals by 4.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 15,505 shares of the basic materials company's stock valued at $4,616,000 after acquiring an additional 673 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of Air Products and Chemicals by 5.9% during the 3rd quarter. Cerity Partners LLC now owns 140,527 shares of the basic materials company's stock valued at $41,840,000 after acquiring an additional 7,837 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, insider Francesco Maione sold 2,016 shares of the business'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 sale, the insider now owns 3,834 shares in the company, valued at approximately $1,173,204. The trade was a 34.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Melissa N. Schaeffer sold 3,233 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $307.32, for a total transaction of $993,565.56. Following the sale, the chief financial officer now owns 10,680 shares in the company, valued at $3,282,177.60. This represents a 23.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,500 shares of company stock valued at $4,842,604 in the last quarter. Insiders own 0.41% of the company's stock.

Air Products and Chemicals Price Performance

APD stock traded down $2.79 during trading on Friday, hitting $292.34. The company had a trading volume of 604,690 shares, compared to its average volume of 1,485,700. Air Products and Chemicals, Inc. has a fifty-two week low of $227.53 and a fifty-two week high of $341.14. The firm has a market capitalization of $65.04 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 3.07 and a beta of 0.85. The business has a 50 day moving average of $311.68 and a 200 day moving average of $308.95. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data 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, research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share 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 given a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Air Products and Chemicals's previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a yield of 2.45%. Air Products and Chemicals's payout ratio is 41.58%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on APD shares. UBS Group decreased their price objective on shares of Air Products and Chemicals from $395.00 to $370.00 and set a "buy" rating for the company in a report on Friday, March 14th. BNP Paribas raised shares of Air Products and Chemicals to a "strong-buy" rating in a research report on Tuesday, February 11th. Wells Fargo & Company increased their price objective on shares of Air Products and Chemicals from $350.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. StockNews.com downgraded Air Products and Chemicals from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Finally, Sanford C. Bernstein upgraded Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $375.00 price target on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $341.47.

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.