BCGM Wealth Management LLC Has $1 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

BCGM Wealth Management LLC increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,453 shares of the basic materials company’s stock after purchasing an additional 99 shares during the period. BCGM Wealth Management LLC’s holdings in Air Products and Chemicals were worth $1,001,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in APD. Allspring Global Investments Holdings LLC grew its stake in shares of Air Products and Chemicals by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,772 shares of the basic materials company’s stock worth $3,207,000 after purchasing an additional 52 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Air Products and Chemicals by 12.6% during the third quarter. Assenagon Asset Management S.A. now owns 5,793 shares of the basic materials company’s stock worth $1,725,000 after purchasing an additional 647 shares during the period. Mediolanum International Funds Ltd grew its stake in shares of Air Products and Chemicals by 24.9% during the third quarter. Mediolanum International Funds Ltd now owns 2,411 shares of the basic materials company’s stock worth $723,000 after purchasing an additional 481 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Air Products and Chemicals by 28.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,888 shares of the basic materials company’s stock worth $5,072,000 after purchasing an additional 3,757 shares during the period. Finally, Forsta AP Fonden lifted its holdings in Air Products and Chemicals by 13.4% during the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock worth $13,607,000 after acquiring an additional 5,400 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, insider Kurt Lefevere sold 1,500 shares of Air Products and Chemicals stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $316.17, for a total transaction of $474,255.00. Following the completion of the transaction, the insider now owns 1,462 shares in the company, valued at approximately $462,240.54. The trade was a 50.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wilbur Mok sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $315.88, for a total value of $410,644.00. Following the completion of the transaction, the insider now owns 3,193 shares in the company, valued at $1,008,604.84. The trade was a 28.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,911 shares of company stock worth $4,660,897. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on APD. BNP Paribas upgraded Air Products and Chemicals to a “strong-buy” rating in a report on Tuesday, February 11th. Sanford C. Bernstein upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price on the stock in a report on Friday, January 31st. Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $315.00 to $365.00 in a report on Friday, January 24th. StockNews.com lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Finally, BMO Capital Markets lowered Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus price target of $339.94.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $310.02 on Monday. Air Products and Chemicals, Inc. has a one year low of $227.10 and a one year high of $341.14. The firm has a market capitalization of $68.97 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 3.12 and a beta of 0.85. The business has a 50-day simple moving average of $308.50 and a 200 day simple moving average of $304.85. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, February 6th. The basic materials company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates 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 anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.31%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s payout ratio is 41.11%.

About Air Products and Chemicals

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.