Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Tiller Private Wealth Inc.

Tiller Private Wealth Inc. cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,626 shares of the basic materials company's stock after selling 9,558 shares during the quarter. Air Products and Chemicals makes up 3.9% of Tiller Private Wealth Inc.'s portfolio, making the stock its 10th largest holding. Tiller Private Wealth Inc.'s holdings in Air Products and Chemicals were worth $9,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Horizon Advisors Inc. lifted its position in Air Products and Chemicals by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 1,742 shares of the basic materials company's stock valued at $505,000 after purchasing an additional 31 shares during the period. Lake Street Advisors Group LLC grew its position in shares of Air Products and Chemicals by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,028 shares of the basic materials company's stock worth $588,000 after buying an additional 31 shares during the period. WR Wealth Planners LLC raised its stake in shares of Air Products and Chemicals by 40.3% during the fourth 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 during the last quarter. Silver Oak Securities Incorporated lifted its holdings in Air Products and Chemicals by 1.1% in the fourth quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company's stock valued at $888,000 after buying an additional 32 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in Air Products and Chemicals by 3.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 974 shares of the basic materials company's stock valued at $282,000 after acquiring an additional 33 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

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Air Products and Chemicals Stock Down 2.6 %

Shares of APD traded down $7.13 during mid-day trading on Tuesday, hitting $265.45. 1,305,256 shares of the company's stock were exchanged, compared to its average volume of 1,492,009. 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, Inc. has a 52 week low of $227.53 and a 52 week high of $341.14. The company has a market cap of $59.06 billion, a PE ratio of 15.42, a P/E/G ratio of 3.07 and a beta of 0.89. The company has a 50-day simple moving average of $295.61 and a 200 day simple moving average of $307.20.

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 (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, research analysts forecast 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 business 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. 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 2.70%. Air Products and Chemicals's dividend payout ratio is 41.58%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on APD. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $320.00 price target (down previously from $345.00) on shares of Air Products and Chemicals in a research note on Friday, February 7th. Barclays cut their target price on Air Products and Chemicals from $365.00 to $355.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. Wells Fargo & Company decreased their target price on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. StockNews.com cut Air Products and Chemicals from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Finally, BNP Paribas raised shares of Air Products and Chemicals to a "strong-buy" rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $332.18.

Insider Buying and Selling at Air Products and Chemicals

In related news, VP Walter L. Nelson sold 589 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total transaction of $181,706.50. Following the transaction, the vice president now directly owns 719 shares in the company, valued at approximately $221,811.50. The trade was a 45.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sean D. Major sold 4,500 shares of the company's 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 sale, the vice president now directly owns 14,273 shares in the company, 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. Insiders sold a total of 15,500 shares of company stock worth $4,842,604 over the last ninety days. 0.41% of the stock is currently owned by corporate insiders.

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.