Bank of Marin Takes Position in Air Products and Chemicals, Inc. (NYSE:APD)

Bank of Marin acquired a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,308 shares of the basic materials company's stock, valued at approximately $379,000.

Several other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of Air Products and Chemicals by 1.9% during 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 buying an additional 88,806 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Air Products and Chemicals during the fourth quarter valued at about $885,371,000. Bank of New York Mellon Corp increased its stake in shares of Air Products and Chemicals by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,088,449 shares of the basic materials company's stock valued at $605,734,000 after acquiring an additional 30,888 shares during the period. National Bank of Canada FI raised its stake in shares of Air Products and Chemicals by 3.9% in the 3rd quarter. National Bank of Canada FI now owns 1,867,290 shares of the basic materials company's stock worth $555,967,000 after buying an additional 70,759 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Air Products and Chemicals by 1.2% during the 3rd quarter. Stifel Financial Corp now owns 1,633,381 shares of the basic materials company's stock valued at $486,343,000 after purchasing an additional 19,209 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

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Air Products and Chemicals Stock Down 0.5 %

Shares of NYSE APD traded down $1.58 during midday trading on Friday, hitting $291.35. 2,875,078 shares of the stock traded hands, compared to its average volume of 1,415,639. Air Products and Chemicals, Inc. has a one year low of $227.53 and a one year high of $341.14. The company has a market cap of $64.82 billion, a PE ratio of 16.92, a P/E/G ratio of 3.07 and a beta of 0.85. The business has a 50 day moving average price of $313.19 and a two-hundred day moving average price of $308.45. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11.

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 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%. On average, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend 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 annualized dividend and a dividend yield of 2.46%. Air Products and Chemicals's dividend payout ratio (DPR) is 41.58%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on APD shares. BMO Capital Markets downgraded Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. 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 report on Monday, January 27th. UBS Group cut their target price on Air Products and Chemicals from $395.00 to $370.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Barclays raised shares of Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $315.00 to $365.00 in a report on Friday, January 24th. Finally, 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 research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $342.65.

Insider Buying and Selling at Air Products and Chemicals

In other news, insider Wilbur Mok sold 1,300 shares of Air Products and Chemicals stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $315.88, for a total value of $410,644.00. Following the sale, the insider now directly owns 3,193 shares in the company, valued at approximately $1,008,604.84. This trade represents a 28.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sean D. Major sold 4,500 shares of Air Products and Chemicals stock in a transaction dated Friday, February 7th. The shares were 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. The trade was a 23.97 % 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 over the last three months. Company insiders own 0.41% of the company's stock.

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.