Regents Gate Capital LLP Takes Position in Air Products and Chemicals, Inc. (NYSE:APD)

Regents Gate Capital LLP acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,885 shares of the basic materials company's stock, valued at approximately $2,577,000.

Several other large investors also recently modified their holdings of the stock. Truvestments Capital LLC bought a new position in shares of Air Products and Chemicals in the 3rd quarter worth $25,000. Raleigh Capital Management Inc. lifted its holdings in shares of Air Products and Chemicals by 69.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company's stock worth $30,000 after purchasing an additional 43 shares in the last quarter. Financial Life Planners bought a new position in shares of Air Products and Chemicals in the 4th quarter worth $31,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company's stock worth $35,000 after purchasing an additional 55 shares in the last quarter. Finally, Newton One Investments LLC bought a new position in shares of Air Products and Chemicals in the 4th quarter worth $38,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on APD shares. BMO Capital Markets cut Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Redburn Atlantic upgraded Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 price objective on the stock in a research note on Friday, October 25th. Sanford C. Bernstein raised Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $375.00 target price for the company in a research report on Friday, January 31st. Bank of America lowered Air Products and Chemicals from a "buy" rating to a "neutral" rating and set a $350.00 target price for the company. in a research report on Monday, January 27th. Finally, StockNews.com lowered 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, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $339.94.

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Air Products and Chemicals Stock Performance

APD traded up $4.95 during trading hours on Thursday, hitting $315.30. The stock had a trading volume of 900,305 shares, compared to its average volume of 1,849,371. The company's fifty day simple moving average is $308.56 and its 200 day simple moving average is $302.65. Air Products and Chemicals, Inc. has a 1 year low of $216.30 and a 1 year high of $341.14. The stock has a market cap of $70.12 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 3.47 and a beta of 0.85. The company has a quick ratio of 1.34, a current ratio of 1.11 and a debt-to-equity ratio of 0.71.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings data 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 return on equity of 15.78% and a net margin of 31.88%. Equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.77 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Air Products and Chemicals's previous quarterly dividend of $1.77. Air Products and Chemicals's payout ratio is presently 41.11%.

Insider Buying and Selling at Air Products and Chemicals

In other news, insider Francesco Maione sold 2,016 shares of Air Products and Chemicals stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $306.00, for a total transaction of $616,896.00. Following the completion of the sale, the insider now owns 3,834 shares in the company, valued at approximately $1,173,204. This trade represents a 34.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value of $1,419,570.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 9,749 shares of company stock valued at $3,030,032 in the last quarter. 0.41% of the stock is currently owned by corporate insiders.

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.