DRW Securities LLC Purchases New Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

DRW Securities LLC acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,650 shares of the basic materials company's stock, valued at approximately $479,000.

A number of other large investors also recently made changes to their positions in APD. First Horizon Advisors Inc. lifted its holdings in shares of Air Products and Chemicals by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 1,742 shares of the basic materials company's stock worth $505,000 after buying an additional 31 shares in the last quarter. Lake Street Advisors Group LLC raised its stake in Air Products and Chemicals by 1.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,028 shares of the basic materials company's stock worth $588,000 after purchasing an additional 31 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 31 shares during the period. Silver Oak Securities Incorporated grew its position in shares of 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 worth $888,000 after purchasing an additional 32 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Air Products and Chemicals by 3.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 974 shares of the basic materials company's stock worth $282,000 after purchasing an additional 33 shares during the period. Institutional investors own 81.66% of the company's stock.

Remove Ads

Insider Activity

In other Air Products and Chemicals news, VP Walter L. Nelson sold 589 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $308.50, for a total transaction of $181,706.50. Following the completion of the sale, the vice president now directly owns 719 shares in the company, valued at $221,811.50. The trade was a 45.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Sean D. Major sold 4,500 shares of Air Products and Chemicals 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 transaction, the vice president now owns 14,273 shares in the company, valued at $4,502,560.58. This represents a 23.97 % 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 three months. 0.41% of the stock is currently owned by corporate insiders.

Air Products and Chemicals Trading Down 2.6 %

Shares of NYSE APD traded down $7.13 during mid-day trading on Tuesday, hitting $265.45. The stock had a trading volume of 757,782 shares, compared to its average volume of 1,490,524. The firm has a market cap of $59.06 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. Air Products and Chemicals, Inc. has a 1 year low of $227.53 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 business has a 50 day moving average price of $296.87 and a two-hundred day moving average price of $307.49.

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 net margin of 31.88% and a return on equity of 15.78%. On average, equities 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 announced 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. This is an increase from Air Products and Chemicals's previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.70%. Air Products and Chemicals's dividend payout ratio (DPR) is currently 41.58%.

Analysts Set New Price Targets

APD has been the topic of a number of recent research reports. StockNews.com lowered Air Products and Chemicals from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Bank of America downgraded Air Products and Chemicals from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $330.00 to $282.00 in a research note on Tuesday. Citigroup reduced their price objective on shares of Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. UBS Group dropped their target price on shares of Air Products and Chemicals from $370.00 to $335.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, BNP Paribas upgraded shares of Air Products and Chemicals to a "strong-buy" rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $332.18.

Air Products and Chemicals 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.