Cruiser Capital Advisors LLC Makes New Investment in Air Products and Chemicals, Inc. (NYSE:APD)

Cruiser Capital Advisors LLC bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,700 shares of the basic materials company's stock, valued at approximately $1,073,000. Air Products and Chemicals comprises about 0.6% of Cruiser Capital Advisors LLC's portfolio, making the stock its 20th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. raised its stake in Air Products and Chemicals by 1.8% in 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 last quarter. Lake Street Advisors Group LLC lifted its stake in shares of Air Products and Chemicals by 1.6% in the fourth 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 in the last quarter. WR Wealth Planners LLC boosted its position in 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 acquiring an additional 31 shares during the last quarter. Silver Oak Securities Incorporated grew its stake in Air Products and Chemicals by 1.1% during the 4th quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company's stock valued at $888,000 after acquiring an additional 32 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in Air Products and Chemicals by 3.5% in the 4th 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. Hedge funds and other institutional investors own 81.66% of the company's stock.

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Insider Buying and Selling

In other Air Products and Chemicals news, VP Sean D. Major sold 4,500 shares of Air Products and Chemicals stock in a transaction dated 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 sale, the vice president now directly owns 14,273 shares of the company's stock, valued at $4,502,560.58. The trade was a 23.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Walter L. Nelson sold 589 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total value of $181,706.50. Following the completion of the transaction, the vice president now owns 719 shares in the company, valued at approximately $221,811.50. The trade was a 45.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,500 shares of company stock worth $4,842,604 over the last 90 days. 0.41% of the stock is owned by insiders.

Air Products and Chemicals Stock Down 0.7 %

Shares of APD stock traded down $2.21 during trading on Friday, reaching $292.91. The company's stock had a trading volume of 261,057 shares, compared to its average volume of 1,484,209. Air Products and Chemicals, Inc. has a 1-year low of $227.53 and a 1-year high of $341.14. The stock's 50-day moving average price is $312.18 and its 200 day moving average price is $308.82. The company has a market capitalization of $65.17 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 3.07 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 posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $2.86 EPS 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, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be issued a $1.79 dividend. 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. This represents a $7.16 annualized dividend and a yield of 2.44%. Air Products and Chemicals's dividend payout ratio (DPR) is 41.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on APD shares. UBS Group dropped their price target on Air Products and Chemicals from $395.00 to $370.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Citigroup dropped their target price on Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating for the company in a report on Tuesday. BNP Paribas upgraded Air Products and Chemicals to a "strong-buy" rating in a report 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 report on Friday, January 31st. Finally, BMO Capital Markets downgraded shares of Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $341.47.

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.