Corient Private Wealth LLC Sells 7,196 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Corient Private Wealth LLC decreased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 409,473 shares of the basic materials company's stock after selling 7,196 shares during the quarter. Corient Private Wealth LLC owned 0.18% of Air Products and Chemicals worth $118,251,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avalon Trust Co grew its stake in Air Products and Chemicals by 10.2% during the fourth quarter. Avalon Trust Co now owns 640 shares of the basic materials company's stock worth $186,000 after buying an additional 59 shares during the last quarter. one8zero8 LLC acquired a new position in shares of Air Products and Chemicals during the fourth quarter worth approximately $551,000. Natixis Advisors LLC lifted its holdings in Air Products and Chemicals by 7.0% in the fourth quarter. Natixis Advisors LLC now owns 167,845 shares of the basic materials company's stock valued at $48,682,000 after buying an additional 11,012 shares during the period. Ironwood Investment Counsel LLC lifted its holdings in Air Products and Chemicals by 4.1% in the fourth quarter. Ironwood Investment Counsel LLC now owns 5,519 shares of the basic materials company's stock valued at $1,601,000 after buying an additional 218 shares during the period. Finally, First National Trust Co lifted its holdings in Air Products and Chemicals by 3.5% in the fourth quarter. First National Trust Co now owns 7,042 shares of the basic materials company's stock valued at $2,042,000 after buying an additional 240 shares during the period. Institutional investors own 81.66% of the company's stock.

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Air Products and Chemicals Stock Performance

NYSE:APD traded down $1.23 during trading hours on Thursday, reaching $292.77. The company had a trading volume of 860,143 shares, compared to its average volume of 1,419,672. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a 52 week low of $227.53 and a 52 week high of $341.14. The firm has a market cap of $65.13 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 3.07 and a beta of 0.85. The firm's 50 day moving average price is $313.07 and its 200-day moving average price is $308.24.

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 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, analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 2.45%. 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. Air Products and Chemicals's dividend payout ratio is 41.58%.

Insider Buying and Selling at Air Products and Chemicals

In related news, VP Sean D. Major sold 4,500 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Francesco Maione sold 2,016 shares of the 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 completion of the transaction, the insider now directly owns 3,834 shares of the company's stock, valued at approximately $1,173,204. The trade was a 34.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,500 shares of company stock valued at $4,842,604 in the last 90 days. Insiders own 0.41% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on APD. UBS Group lowered their target price on shares of Air Products and Chemicals from $395.00 to $370.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Wells Fargo & Company increased their price target on shares of Air Products and Chemicals from $350.00 to $365.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Barclays upgraded shares of Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $315.00 to $365.00 in a research note on Friday, January 24th. BMO Capital Markets cut shares of Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Finally, Bank of America lowered shares of Air Products and Chemicals from a "buy" rating to a "neutral" rating and set a $350.00 target price on the stock. in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $342.65.

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.