Two Point Capital Management Inc. Acquires 147 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Two Point Capital Management Inc. grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,129 shares of the basic materials company’s stock after acquiring an additional 147 shares during the quarter. Air Products and Chemicals accounts for about 3.1% of Two Point Capital Management Inc.’s investment portfolio, making the stock its 16th largest holding. Two Point Capital Management Inc.’s holdings in Air Products and Chemicals were worth $8,675,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Lester Murray Antman dba SimplyRich increased its holdings in shares of Air Products and Chemicals by 6.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 779 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 49 shares in the last quarter. Jmac Enterprises LLC boosted its position in shares of Air Products and Chemicals by 11.9% during the fourth quarter. Jmac Enterprises LLC now owns 6,838 shares of the basic materials company’s stock worth $1,983,000 after buying an additional 729 shares during the period. Signet Investment Advisory Group Inc. boosted its position in shares of Air Products and Chemicals by 1.0% during the fourth quarter. Signet Investment Advisory Group Inc. now owns 5,485 shares of the basic materials company’s stock worth $1,591,000 after buying an additional 54 shares during the period. Leavell Investment Management Inc. boosted its position in shares of Air Products and Chemicals by 1.9% during the fourth quarter. Leavell Investment Management Inc. now owns 4,780 shares of the basic materials company’s stock worth $1,386,000 after buying an additional 91 shares during the period. Finally, Peterson Wealth Services boosted its position in shares of Air Products and Chemicals by 5.0% during the fourth quarter. Peterson Wealth Services now owns 7,607 shares of the basic materials company’s stock worth $2,206,000 after buying an additional 362 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $310.35 on Thursday. The business’s 50 day moving average is $308.90 and its 200-day moving average is $302.60. Air Products and Chemicals, Inc. has a 1-year low of $216.30 and a 1-year high of $341.14. The company has a current ratio of 1.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.71. The firm has a market cap of $69.02 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 3.47 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $2.86 earnings per share 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%. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.77 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be issued a $1.79 dividend. The ex-dividend date is Tuesday, April 1st. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a yield of 2.31%. Air Products and Chemicals’s payout ratio is currently 41.11%.

Insider Buying and Selling at Air Products and Chemicals

In other news, CFO Melissa N. Schaeffer sold 3,233 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $307.32, for a total transaction of $993,565.56. Following the completion of the transaction, the chief financial officer now owns 10,680 shares of the company’s stock, valued at approximately $3,282,177.60. The trade was a 23.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Francesco Maione sold 2,016 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $306.00, for a total value of $616,896.00. Following the transaction, the insider now directly owns 3,834 shares of the company’s stock, valued at $1,173,204. This trade represents a 34.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,749 shares of company stock valued at $3,030,032 in the last three months. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on APD. Barclays raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $315.00 to $365.00 in a research report on Friday, January 24th. Wells Fargo & Company upped their price objective on 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. UBS Group increased their price target on Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. BMO Capital Markets cut Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th. Finally, StockNews.com cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $339.94.

About Air Products and Chemicals

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.