Boston Family Office LLC Sells 974 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Boston Family Office LLC lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,361 shares of the basic materials company's stock after selling 974 shares during the quarter. Air Products and Chemicals comprises about 1.7% of Boston Family Office LLC's portfolio, making the stock its 14th biggest holding. Boston Family Office LLC's holdings in Air Products and Chemicals were worth $25,048,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Generali Investments Management Co LLC acquired a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $26,000. Raleigh Capital Management Inc. lifted its position 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 worth $30,000 after purchasing an additional 43 shares during the period. Sierra Ocean LLC bought a new position in Air Products and Chemicals during the 4th quarter valued at $30,000. Financial Life Planners acquired a new position in shares of Air Products and Chemicals during the 4th quarter valued at $31,000. Finally, WR Wealth Planners LLC raised its stake in shares of Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock worth $31,000 after buying an additional 31 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

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Wall Street Analyst Weigh In

APD has been the topic of a number of research analyst reports. Bank of America lowered Air Products and Chemicals from a "buy" rating to a "neutral" rating and set a $350.00 target price on the stock. in a report on Monday, January 27th. BMO Capital Markets cut shares of Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. UBS Group reduced their target price 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. Sanford C. Bernstein raised 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 report on Friday, January 31st. Finally, Wells Fargo & Company raised their price objective on 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. One 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.88.

Insider Activity

In other Air Products and Chemicals news, insider Francesco Maione sold 2,016 shares of Air Products and Chemicals stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $306.00, for a total value of $616,896.00. Following the completion of the sale, the insider now directly owns 3,834 shares in the company, valued at $1,173,204. The trade was a 34.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kurt Lefevere sold 1,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $316.17, for a total transaction of $474,255.00. Following the transaction, the insider now owns 1,462 shares in the company, valued at approximately $462,240.54. This trade represents a 50.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock worth $4,842,604 in the last three months. 0.41% of the stock is owned by insiders.

Air Products and Chemicals Stock Down 7.0 %

APD traded down $19.85 on Friday, reaching $263.35. 1,762,347 shares of the company traded hands, compared to its average volume of 1,485,409. The company has a market cap of $58.59 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 3.07 and a beta of 0.88. 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 stock's 50 day moving average price is $308.14 and its 200-day moving average price is $309.24. Air Products and Chemicals, Inc. has a 52-week low of $227.53 and a 52-week high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $2.86 EPS for the quarter, missing the consensus estimate 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%. On average, sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently declared 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 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 2.72%. Air Products and Chemicals's dividend payout ratio (DPR) is 41.58%.

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.