Twin City Private Wealth LLC Grows Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Twin City Private Wealth LLC grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,936 shares of the basic materials company’s stock after buying an additional 49 shares during the quarter. Air Products and Chemicals accounts for about 2.0% of Twin City Private Wealth LLC’s investment portfolio, making the stock its 15th largest holding. Twin City Private Wealth LLC’s holdings in Air Products and Chemicals were worth $2,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of Air Products and Chemicals during the 3rd quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new position in shares of Air Products and Chemicals during the 4th quarter valued at approximately $26,000. Sierra Ocean LLC purchased a new position in shares of Air Products and Chemicals during the 4th quarter valued at approximately $30,000. Raleigh Capital Management Inc. boosted its stake in shares of 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 valued at $30,000 after buying an additional 43 shares during the last quarter. Finally, Financial Life Planners purchased a new position in shares of Air Products and Chemicals during the 4th quarter valued at approximately $31,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

Shares of APD opened at $291.35 on Monday. The firm has a market capitalization of $64.82 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 3.07 and a beta of 0.85. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. Air Products and Chemicals, Inc. has a one year low of $227.53 and a one year high of $341.14. The stock’s fifty day moving average is $313.19 and its 200-day moving average is $308.69.

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 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%. Equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s payout ratio is presently 41.58%.

Insider Buying and Selling

In related news, VP Walter L. Nelson sold 589 shares of Air Products and Chemicals stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $308.50, for a total transaction of $181,706.50. Following the transaction, the vice president now directly owns 719 shares of the company’s stock, valued at $221,811.50. The trade was a 45.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $474,255.00. Following the transaction, the insider now directly owns 1,462 shares in the company, valued at approximately $462,240.54. The trade was a 50.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,500 shares of company stock valued at $4,842,604 over the last three months. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on APD. UBS Group reduced their price objective on Air Products and Chemicals from $395.00 to $370.00 and set a “buy” rating on the stock in a research note 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 price objective on the stock in a research note on Friday, January 31st. Wells Fargo & Company raised their price objective on Air Products and Chemicals from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $315.00 to $365.00 in a research note on Friday, January 24th. Finally, Bank of America cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective on the stock. in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $342.65.

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.