Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,158 shares of the basic materials company’s stock after purchasing an additional 360 shares during the period. Lineweaver Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $1,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of APD. Geode Capital Management LLC raised its position in shares of Air Products and Chemicals by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company’s stock valued at $1,448,570,000 after buying an additional 88,806 shares during the period. Bank of New York Mellon Corp raised its position in Air Products and Chemicals by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,088,449 shares of the basic materials company’s stock valued at $605,734,000 after purchasing an additional 30,888 shares during the period. National Bank of Canada FI lifted its stake in shares of Air Products and Chemicals by 3.9% in the 3rd quarter. National Bank of Canada FI now owns 1,867,290 shares of the basic materials company’s stock valued at $555,967,000 after purchasing an additional 70,759 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Air Products and Chemicals by 1.2% in the 3rd quarter. Stifel Financial Corp now owns 1,633,381 shares of the basic materials company’s stock valued at $486,343,000 after purchasing an additional 19,209 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Air Products and Chemicals by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,249,142 shares of the basic materials company’s stock worth $371,920,000 after purchasing an additional 14,077 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Down 1.1 %

Shares of Air Products and Chemicals stock opened at $313.79 on Thursday. The company’s fifty day moving average is $309.18 and its two-hundred day moving average is $305.39. 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 debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. The company has a market capitalization of $69.81 billion, a P/E ratio of 18.22, a PEG ratio of 3.07 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD) last issued its quarterly 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 net margin of 31.88% and a return on equity of 15.78%. Analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 2.28%. 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 is 41.11%.

Insider Buying and Selling

In other Air Products and Chemicals news, insider Francesco Maione sold 2,016 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 3,834 shares in the company, valued at approximately $1,173,204. This represents a 34.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wilbur Mok sold 1,300 shares of Air Products and Chemicals stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $315.88, for a total transaction of $410,644.00. Following the completion of the sale, the insider now directly owns 3,193 shares in the company, valued at approximately $1,008,604.84. The trade was a 28.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,911 shares of company stock valued at $4,660,897 over the last three months. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APD. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $320.00 target price (down previously from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. UBS Group lifted their target price on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. StockNews.com lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Barclays raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $315.00 to $365.00 in a research note on Friday, January 24th. Finally, Citigroup raised their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus price target of $339.94.

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.