Air Products and Chemicals, Inc. (NYSE:APD) Stock Position Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 177,355 shares of the basic materials company's stock after selling 6,676 shares during the period. New York State Teachers Retirement System owned 0.08% of Air Products and Chemicals worth $51,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in shares of Air Products and Chemicals in the 3rd quarter worth about $25,000. Raleigh Capital Management Inc. boosted its stake in shares of Air Products and Chemicals by 69.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 43 shares in the last quarter. Financial Life Planners bought a new stake in Air Products and Chemicals during the 4th quarter valued at approximately $31,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company's stock valued at $35,000 after buying an additional 55 shares in the last quarter. Finally, Newton One Investments LLC bought a new stake in Air Products and Chemicals during the fourth quarter worth about $38,000. Institutional investors own 81.66% of the company's stock.

Insider Activity 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 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 transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Sean D. Major sold 4,500 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $315.46, for a total value of $1,419,570.00. Following the transaction, the vice president now directly owns 14,273 shares of the company's stock, valued at $4,502,560.58. This trade represents a 23.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,411 shares of company stock worth $4,186,642. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on APD shares. BNP Paribas raised Air Products and Chemicals to a "strong-buy" rating in a research report on Tuesday, February 11th. Barclays raised shares of Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $315.00 to $365.00 in a research report on Friday, January 24th. Redburn Atlantic raised shares of Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 target price for the company in a report on Friday, October 25th. Bank of America lowered Air Products and Chemicals from a "buy" rating to a "neutral" rating and set a $350.00 price target for the company. in a research note on Monday, January 27th. Finally, Wells Fargo & Company increased their price objective on shares of Air Products and Chemicals from $350.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $339.94.

Air Products and Chemicals Stock Down 0.0 %

NYSE APD traded down $0.11 during trading on Wednesday, reaching $316.89. 971,548 shares of the company's stock were exchanged, compared to its average volume of 1,782,339. Air Products and Chemicals, Inc. has a 1 year low of $225.26 and a 1 year high of $341.14. 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 stock has a market cap of $70.50 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 3.13 and a beta of 0.85. The company has a 50 day moving average price of $308.39 and a two-hundred day moving average price of $304.10.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share for the quarter, missing the consensus estimate 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 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.26%. This is a boost from Air Products and Chemicals's previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals's dividend payout ratio is 41.11%.

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.