Air Products and Chemicals, Inc. (NYSE:APD) VP Sells $397,344.42 in Stock

Air Products and Chemicals, Inc. (NYSE:APD – Get Free Report) VP Victoria Brifo sold 1,359 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the sale, the vice president owned 8,686 shares of the company’s stock, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Air Products and Chemicals Stock Down 1.1%

Air Products and Chemicals stock opened at $289.19 on Thursday. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14. The firm has a market capitalization of $64.36 billion, a price-to-earnings ratio of 41.61, a P/E/G ratio of 6.53 and a beta of 0.81. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The firm has a 50 day simple moving average of $286.09 and a 200 day simple moving average of $290.01.

Air Products and Chemicals (NYSE:APD – Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the business earned $3.20 EPS. Air Products and Chemicals’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 103.02%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on APD shares. Bank of America cut shares of Air Products and Chemicals from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $330.00 to $282.00 in a research report on Tuesday, April 15th. Morgan Stanley initiated coverage on shares of Air Products and Chemicals in a research report on Thursday, May 29th. They set an “equal weight” rating and a $290.00 price objective on the stock. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Barclays dropped their price target on shares of Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.07.

Get Our Latest Stock Analysis on Air Products and Chemicals

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of APD. Baker Avenue Asset Management LP lifted its holdings in shares of Air Products and Chemicals by 2.3% during the 4th quarter. Baker Avenue Asset Management LP now owns 1,540 shares of the basic materials company’s stock worth $447,000 after acquiring an additional 34 shares during the last quarter. Financial Connections Group Inc. lifted its holdings in shares of Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 35 shares during the last quarter. Meadow Creek Wealth Advisors LLC lifted its stake in Air Products and Chemicals by 1.6% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,276 shares of the basic materials company’s stock worth $642,000 after purchasing an additional 35 shares during the last quarter. Atlatl Advisers LLC lifted its stake in Air Products and Chemicals by 2.5% in the second quarter. Atlatl Advisers LLC now owns 1,488 shares of the basic materials company’s stock worth $420,000 after purchasing an additional 37 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its stake in Air Products and Chemicals by 7.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 568 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 37 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Company Profile

(Get Free Report)

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.

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