Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 6.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,107 shares of the basic materials company’s stock after acquiring an additional 63 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Air Products and Chemicals were worth $321,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals during the third quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new stake in shares of Air Products and Chemicals during the fourth quarter worth approximately $26,000. Sierra Ocean LLC purchased a new position in Air Products and Chemicals in the 4th quarter valued at $30,000. Raleigh Capital Management Inc. boosted its stake in Air Products and Chemicals by 69.4% during 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 during the last quarter. Finally, Financial Life Planners purchased a new stake in shares of Air Products and Chemicals during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insiders Place Their Bets

In other news, VP Sean D. Major sold 4,500 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Walter L. Nelson sold 589 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total transaction of $181,706.50. Following the completion of the sale, the vice president now directly owns 719 shares in the company, valued at approximately $221,811.50. This trade represents a 45.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock worth $4,842,604 over the last 90 days. Corporate insiders own 0.41% of the company’s stock.

Air Products and Chemicals Trading Up 0.0 %

APD opened at $293.57 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The firm has a market cap of $65.31 billion, a P/E ratio of 17.05, a P/E/G ratio of 3.07 and a beta of 0.85. Air Products and Chemicals, Inc. has a 52 week low of $227.53 and a 52 week high of $341.14. The business has a fifty day simple moving average of $312.75 and a 200-day simple moving average of $309.01.

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 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, equities analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share 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. Shareholders of record on Tuesday, April 1st will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.44%. The ex-dividend date is Tuesday, April 1st. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.58%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on APD shares. UBS Group lowered their price target on shares of Air Products and Chemicals from $395.00 to $370.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. 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. Bank of America cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price target for the company. in a report on Monday, January 27th. StockNews.com lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, Citigroup cut their target price on Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $341.47.

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.