Sei Investments Co. Has $27.49 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Sei Investments Co. trimmed its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,791 shares of the basic materials company's stock after selling 4,739 shares during the period. Sei Investments Co.'s holdings in Air Products and Chemicals were worth $27,492,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of APD. SG Americas Securities LLC raised its holdings in shares of Air Products and Chemicals by 106.3% in the 4th quarter. SG Americas Securities LLC now owns 13,494 shares of the basic materials company's stock valued at $3,914,000 after purchasing an additional 6,952 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Air Products and Chemicals by 59.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company's stock worth $111,488,000 after buying an additional 139,223 shares during the period. Wedge Capital Management L L P NC purchased a new stake in Air Products and Chemicals in the 4th quarter valued at $7,269,000. Diversify Wealth Management LLC boosted its stake in shares of Air Products and Chemicals by 88.2% during the fourth quarter. Diversify Wealth Management LLC now owns 10,490 shares of the basic materials company's stock worth $3,074,000 after buying an additional 4,916 shares during the period. Finally, World Investment Advisors LLC lifted its position in Air Products and Chemicals by 1,205.1% during the 3rd quarter. World Investment Advisors LLC now owns 38,423 shares of the basic materials company's stock worth $11,440,000 after acquiring an additional 35,479 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals 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 transaction of $1,419,570.00. Following the sale, the vice president now directly owns 14,273 shares in the company, valued at $4,502,560.58. This represents a 23.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Melissa N. Schaeffer sold 3,233 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $307.32, for a total value of $993,565.56. Following the completion of the sale, the chief financial officer now directly owns 10,680 shares in the company, valued at $3,282,177.60. This trade represents a 23.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,500 shares of company stock worth $4,842,604 over the last 90 days. Company insiders own 0.41% of the company's stock.

Air Products and Chemicals Price Performance

APD stock traded down $1.78 during midday trading on Friday, reaching $293.34. 188,779 shares of the company's stock traded hands, compared to its average volume of 1,483,911. The company has a 50-day simple moving average of $312.18 and a two-hundred day simple moving average of $308.82. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. 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 market cap of $65.26 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 3.07 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share (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, analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This is a positive change from Air Products and Chemicals's previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals's dividend payout ratio is 41.58%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Sanford C. Bernstein raised Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $375.00 price objective on the stock in a report on Friday, January 31st. Barclays raised Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $315.00 to $365.00 in a research note on Friday, January 24th. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $350.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. BMO Capital Markets downgraded Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Finally, BNP Paribas raised shares of Air Products and Chemicals to a "strong-buy" rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of "Moderate Buy" and an average price target of $341.47.

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.