Air Products and Chemicals, Inc. (NYSE:APD) Holdings Raised by Signet Investment Advisory Group Inc.

Signet Investment Advisory Group Inc. increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,485 shares of the basic materials company’s stock after purchasing an additional 54 shares during the quarter. Signet Investment Advisory Group Inc.’s holdings in Air Products and Chemicals were worth $1,591,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in APD. Truvestments Capital LLC bought a new position in shares of Air Products and Chemicals in the 3rd quarter worth about $25,000. Raleigh Capital Management Inc. raised its stake in Air Products and Chemicals by 69.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 43 shares during the period. Financial Life Planners bought a new position in Air Products and Chemicals in the fourth quarter worth about $31,000. Iron Horse Wealth Management LLC boosted its stake in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the period. Finally, Newton One Investments LLC bought a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $38,000. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on APD shares. BMO Capital Markets downgraded Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $315.00 to $365.00 in a research note on Friday, January 24th. Wells Fargo & Company upped 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 report on Friday, February 7th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a research report on Friday, October 25th. Finally, UBS Group upped their target price on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $339.94.

Air Products and Chemicals Stock Down 0.3 %

APD opened at $309.50 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.34 and a current ratio of 1.11. The company has a market capitalization of $68.83 billion, a PE ratio of 17.97, a P/E/G ratio of 3.47 and a beta of 0.85. The stock’s fifty day moving average is $309.32 and its 200-day moving average is $302.26. Air Products and Chemicals, Inc. has a one year low of $216.30 and a one year high of $341.14.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $2.86 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, equities analysts predict that Air Products and Chemicals, Inc. will post 12.77 EPS for the current fiscal 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 is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 annualized dividend and a yield of 2.31%. Air Products and Chemicals’s payout ratio is 41.11%.

Insider Buying and Selling at Air Products and Chemicals

In related news, CFO Melissa N. Schaeffer sold 3,233 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $307.32, for a total value of $993,565.56. Following the completion of the transaction, the chief financial officer now owns 10,680 shares in the company, valued at $3,282,177.60. This trade represents a 23.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Francesco Maione sold 2,016 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $306.00, for a total value of $616,896.00. Following the sale, the insider now owns 3,834 shares in the company, valued at approximately $1,173,204. The trade was a 34.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,749 shares of company stock valued at $3,030,032. Corporate insiders own 0.41% of the company’s stock.

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.