Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Colonial Trust Advisors

Colonial Trust Advisors reduced its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,067 shares of the basic materials company's stock after selling 3,012 shares during the quarter. Air Products and Chemicals accounts for about 1.4% of Colonial Trust Advisors' holdings, making the stock its 16th largest holding. Colonial Trust Advisors' holdings in Air Products and Chemicals were worth $16,262,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Air Products and Chemicals by 1.9% in the third quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company's stock worth $1,448,570,000 after purchasing an additional 88,806 shares during the last quarter. Coldstream Capital Management Inc. increased its position in shares of Air Products and Chemicals by 3.4% in the third quarter. Coldstream Capital Management Inc. now owns 4,934 shares of the basic materials company's stock valued at $1,473,000 after acquiring an additional 162 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Air Products and Chemicals by 1.3% during the third quarter. Toronto Dominion Bank now owns 109,830 shares of the basic materials company's stock worth $32,701,000 after purchasing an additional 1,456 shares during the period. Arete Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals in the third quarter worth about $847,000. Finally, TD Private Client Wealth LLC increased its holdings in Air Products and Chemicals by 39.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,973 shares of the basic materials company's stock valued at $1,183,000 after purchasing an additional 1,134 shares during the period. 81.66% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on APD shares. Bank of America lowered Air Products and Chemicals from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $330.00 to $282.00 in a research report on Tuesday. BNP Paribas upgraded shares of Air Products and Chemicals to a "strong-buy" rating in a report on Tuesday, February 11th. StockNews.com lowered shares of Air Products and Chemicals from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $320.00 price target (down from $345.00) on shares of Air Products and Chemicals in a research note on Friday, February 7th. Finally, UBS Group cut their price objective on Air Products and Chemicals from $370.00 to $335.00 and set a "buy" rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $332.18.

Air Products and Chemicals Stock Down 2.2 %

APD stock traded down $5.95 during trading on Tuesday, reaching $266.63. 490,603 shares of the company traded hands, compared to its average volume of 1,488,108. The company has a market capitalization of $59.32 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. The business has a 50 day simple moving average of $296.87 and a 200 day simple moving average of $307.49. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share 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 research analysts anticipate 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 company also recently announced 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. This is a positive change from Air Products and Chemicals's previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals's dividend payout ratio is presently 41.58%.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, insider Francesco Maione sold 2,016 shares of Air Products and Chemicals 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 transaction, the insider now directly owns 3,834 shares of the company's stock, valued at $1,173,204. The trade was a 34.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Walter L. Nelson sold 589 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total value of $181,706.50. Following the completion of the transaction, the vice president now owns 719 shares in the company, valued at $221,811.50. This represents a 45.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock valued at $4,842,604 in the last three months. 0.41% of the stock is currently owned by company insiders.

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.