Air Products and Chemicals, Inc. (NYSE:APD - Get Free Report) insider Francesco Maione sold 2,016 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $306.00, for a total value of $616,896.00. Following the transaction, the insider now directly owns 3,834 shares of the company's stock, valued at $1,173,204. This trade represents a 34.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Air Products and Chemicals Price Performance
Shares of NYSE APD traded up $0.86 during mid-day trading on Wednesday, reaching $310.35. The company had a trading volume of 1,372,777 shares, compared to its average volume of 1,883,267. The firm has a market cap of $69.02 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 3.47 and a beta of 0.85. The business's 50-day simple moving average is $308.90 and its 200 day simple moving average is $302.60. Air Products and Chemicals, Inc. has a one year low of $216.30 and a one year high of $341.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.34 and a current ratio of 1.11.
Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its 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 net margin of 31.88% and a return on equity of 15.78%. On average, research analysts predict that Air Products and Chemicals, Inc. will post 12.77 earnings per share 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 of this dividend is Tuesday, April 1st. This represents a $7.16 annualized dividend and a yield of 2.31%. Air Products and Chemicals's payout ratio is presently 41.11%.
Analyst Ratings Changes
Several research firms have issued reports on APD. Redburn Atlantic raised shares of Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 price target on the stock in a research report on Friday, October 25th. Bank of America cut 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. Wells Fargo & Company raised their target price 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. JPMorgan Chase & Co. reissued a "neutral" rating and set a $320.00 price target (down previously from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. Finally, StockNews.com cut Air Products and Chemicals from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $339.94.
Read Our Latest Analysis on APD
Institutional Investors Weigh In On Air Products and Chemicals
Hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in Air Products and Chemicals in the 3rd quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth $26,000. Raleigh Capital Management Inc. increased its holdings in shares of Air Products and Chemicals by 69.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company's stock worth $30,000 after buying an additional 43 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Air Products and Chemicals in the 4th quarter valued at $30,000. Finally, Financial Life Planners acquired a new stake in shares of Air Products and Chemicals during the 4th quarter valued at $31,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.
About Air Products and Chemicals
(
Get Free Report)
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.
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