Mycio Wealth Partners LLC Has $2.35 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Mycio Wealth Partners LLC raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 15.7% in the 4th quarter, HoldingsChannel reports. The fund owned 8,099 shares of the basic materials company’s stock after acquiring an additional 1,099 shares during the period. Air Products and Chemicals comprises approximately 0.6% of Mycio Wealth Partners LLC’s holdings, making the stock its 19th biggest position. Mycio Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $2,349,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Exchange Traded Concepts LLC lifted its holdings in Air Products and Chemicals by 22.3% in the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock valued at $60,000 after buying an additional 37 shares during the period. CX Institutional boosted its position in shares of Air Products and Chemicals by 2.6% during the 3rd quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock valued at $400,000 after purchasing an additional 34 shares in the last quarter. Creative Planning grew its stake in Air Products and Chemicals by 3.1% during the third quarter. Creative Planning now owns 71,202 shares of the basic materials company’s stock worth $21,200,000 after purchasing an additional 2,131 shares during the period. Magnus Financial Group LLC bought a new stake in Air Products and Chemicals in the third quarter worth approximately $200,000. Finally, Brady Family Wealth LLC grew its holdings in Air Products and Chemicals by 0.8% in the third quarter. Brady Family Wealth LLC now owns 14,430 shares of the basic materials company’s stock worth $4,296,000 after purchasing an additional 110 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on APD shares. Redburn Atlantic raised 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 note on Friday, October 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $320.00 target price (down from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price target for the company. in a research report on Monday, January 27th. BMO Capital Markets downgraded shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Air Products and Chemicals from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $339.94.

Insider Buying and Selling

In related news, insider Francesco Maione sold 2,016 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $306.00, for a total transaction of $616,896.00. Following the sale, the insider now owns 3,834 shares of the company’s stock, valued at approximately $1,173,204. This represents a 34.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sean D. Major sold 4,500 shares of the firm’s stock in a transaction on 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 completion of the transaction, the vice president now directly owns 14,273 shares of the company’s stock, valued at approximately $4,502,560.58. The trade was a 23.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,749 shares of company stock valued at $3,030,032. Company insiders own 0.41% of the company’s stock.

Air Products and Chemicals Stock Up 0.3 %

Air Products and Chemicals stock opened at $310.35 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $69.02 billion, a P/E ratio of 18.02, a P/E/G ratio of 3.47 and a beta of 0.85. The firm has a 50 day moving average price of $308.56 and a 200-day moving average price of $302.65. Air Products and Chemicals, Inc. has a twelve month low of $216.30 and a twelve month high of $341.14.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 12.77 EPS for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be given a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.31%. 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 41.11%.

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.