Good Life Advisors LLC Has $603,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Good Life Advisors LLC lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 27.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,078 shares of the basic materials company's stock after selling 794 shares during the period. Good Life Advisors LLC's holdings in Air Products and Chemicals were worth $603,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC lifted its holdings in Air Products and Chemicals by 106.3% in the 4th quarter. SG Americas Securities LLC now owns 13,494 shares of the basic materials company's stock valued at $3,914,000 after acquiring an additional 6,952 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Air Products and Chemicals by 59.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company's stock valued at $111,488,000 after acquiring an additional 139,223 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in Air Products and Chemicals in the 4th quarter valued at about $7,269,000. Forsta AP Fonden lifted its holdings in Air Products and Chemicals by 13.4% in the 3rd quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company's stock valued at $13,607,000 after acquiring an additional 5,400 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its stake in Air Products and Chemicals by 88.2% during the fourth quarter. Diversify Wealth Management LLC now owns 10,490 shares of the basic materials company's stock valued at $3,074,000 after buying an additional 4,916 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Redburn Atlantic raised 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 note on Friday, October 25th. BNP Paribas raised shares of Air Products and Chemicals to a "strong-buy" rating in a research note on Tuesday, February 11th. Sanford C. Bernstein raised shares of Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $375.00 price objective for the company in a research note on Friday, January 31st. UBS Group upped their price objective on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Finally, Bank of America lowered shares of Air Products and Chemicals from a "buy" rating to a "neutral" rating and set a $350.00 price objective for the company. in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $339.94.

Insider Activity

In other Air Products and Chemicals news, VP Sean D. Major sold 4,500 shares of Air Products and Chemicals 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 trade represents a 23.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Wilbur Mok sold 1,300 shares of Air Products and Chemicals stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $315.88, for a total value of $410,644.00. Following the transaction, the insider now directly owns 3,193 shares of the company's stock, valued at approximately $1,008,604.84. The trade was a 28.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,911 shares of company stock valued at $4,660,897. 0.41% of the stock is owned by company insiders.

Air Products and Chemicals Stock Down 1.5 %

NYSE:APD traded down $4.63 during mid-day trading on Friday, reaching $309.65. The stock had a trading volume of 704,907 shares, compared to its average volume of 1,727,715. The business's 50 day moving average is $308.55 and its 200 day moving average is $304.26. Air Products and Chemicals, Inc. has a fifty-two week low of $227.10 and a fifty-two week high of $341.14. The stock has a market cap of $68.89 billion, a P/E ratio of 17.99, a PEG ratio of 3.14 and a beta of 0.85. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released 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 return on equity of 15.78% and a net margin of 31.88%. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 2.31%. This is a boost from Air Products and Chemicals's previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals's dividend payout ratio is currently 41.11%.

About Air Products and Chemicals

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.