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Air Products and Chemicals, Inc. (NYSE:APD - Get Rating) VP Sean D. Major sold 485 shares of the company's stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $313.00, for a total transaction of $151,805.00. Following the completion of the sale, the vice president now owns 14,275 shares in the company, valued at approximately $4,468,075. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Air Products and Chemicals Stock Performance
Shares of Air Products and Chemicals stock traded down $1.89 on Thursday, reaching $312.60. 953,514 shares of the company traded hands, compared to its average volume of 1,193,231. Air Products and Chemicals, Inc. has a 52 week low of $216.24 and a 52 week high of $328.56. The company has a 50 day moving average of $286.05 and a 200 day moving average of $259.98. The firm has a market capitalization of $69.36 billion, a PE ratio of 31.01, a PEG ratio of 2.26 and a beta of 0.85. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.81 and a quick ratio of 1.66.
Air Products and Chemicals (NYSE:APD - Get Rating) last released its earnings results on Thursday, November 3rd. The basic materials company reported $2.89 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $0.12. Air Products and Chemicals had a net margin of 17.77% and a return on equity of 16.31%. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the prior year, the firm earned $2.51 EPS. The company's revenue was up 25.7% compared to the same quarter last year. Equities analysts forecast that Air Products and Chemicals, Inc. will post 11.38 earnings per share for the current year. Air Products and Chemicals Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 13th. Investors of record on Tuesday, January 3rd will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Friday, December 30th. Air Products and Chemicals's payout ratio is currently 63.91%. Wall Street Analyst Weigh In
APD has been the topic of a number of analyst reports. Seaport Res Ptn upgraded shares of Air Products and Chemicals from a "neutral" rating to a "buy" rating in a report on Thursday, October 13th. Bank of America upped their target price on shares of Air Products and Chemicals from $281.00 to $308.00 in a report on Monday, November 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Air Products and Chemicals from $292.00 to $340.00 in a research report on Wednesday, December 7th. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $252.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Friday, November 4th. Finally, The Goldman Sachs Group upped their price objective on shares of Air Products and Chemicals from $295.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, November 9th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $309.06.Institutional Trading of Air Products and Chemicals
A number of institutional investors have recently modified their holdings of the business. WealthPlan Investment Management LLC purchased a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at approximately $16,440,000. Weiss Asset Management LP purchased a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at approximately $14,999,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Air Products and Chemicals by 46.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,872 shares of the basic materials company's stock valued at $4,159,000 after buying an additional 5,674 shares in the last quarter. Toroso Investments LLC lifted its stake in shares of Air Products and Chemicals by 8.9% during the 3rd quarter. Toroso Investments LLC now owns 12,588 shares of the basic materials company's stock valued at $2,930,000 after buying an additional 1,029 shares in the last quarter. Finally, CVA Family Office LLC lifted its stake in shares of Air Products and Chemicals by 9.2% during the 3rd quarter. CVA Family Office LLC now owns 595 shares of the basic materials company's stock valued at $138,000 after buying an additional 50 shares in the last quarter. 82.74% of the stock is currently owned by hedge funds and other institutional investors. About Air Products and Chemicals (Get Rating)
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; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, manufacturing, electronics, magnetic resonance imaging, energy production, medical, food, and metals.Featured ArticlesGet a free copy of the StockNews.com research report on Air Products and Chemicals (APD)Are Caterpillar and Deere Setting Up to Rally in 2023? Mullen Automotive Gets a Jolt as the I-GO™ Arrives in Europe Will The Sun Shine On These 3 Large-Cap Solar Stocks In 2023? Lucid Motors Faces a Reality That May Cloud a Bullish Perception Institutions Put Bottom In Rite Aid Shares
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