Glenview Trust co Increases Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Glenview Trust co boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,850 shares of the basic materials company’s stock after acquiring an additional 223 shares during the quarter. Glenview Trust co’s holdings in Air Products and Chemicals were worth $1,987,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its stake in Air Products and Chemicals by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 1,742 shares of the basic materials company’s stock worth $505,000 after buying an additional 31 shares during the period. Lake Street Advisors Group LLC increased its position in shares of Air Products and Chemicals by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,028 shares of the basic materials company’s stock worth $588,000 after acquiring an additional 31 shares during the last quarter. WR Wealth Planners LLC lifted its stake in shares of Air Products and Chemicals by 40.3% in the fourth quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 31 shares in the last quarter. Silver Oak Securities Incorporated boosted its holdings in Air Products and Chemicals by 1.1% in the fourth quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company’s stock valued at $888,000 after purchasing an additional 32 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in Air Products and Chemicals by 3.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 974 shares of the basic materials company’s stock valued at $282,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.4 %

Shares of Air Products and Chemicals stock opened at $291.82 on Monday. Air Products and Chemicals, Inc. has a 1 year low of $227.53 and a 1 year high of $341.14. The company’s fifty day simple moving average is $312.54 and its 200-day simple moving average is $308.12. The company has a market cap of $64.92 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 3.07 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data 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%. As a group, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Tuesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.58%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on APD. UBS Group dropped their price target on shares of Air Products and Chemicals from $395.00 to $370.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company boosted their target price 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. StockNews.com cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Barclays raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $315.00 to $365.00 in a report on Friday, January 24th. Finally, BNP Paribas raised Air Products and Chemicals to a “strong-buy” rating in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $342.65.

Insider Activity

In other Air Products and Chemicals news, VP Sean D. Major sold 4,500 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $315.46, for a total value of $1,419,570.00. Following the sale, the vice president now directly owns 14,273 shares in the company, valued at $4,502,560.58. This represents a 23.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Wilbur Mok sold 1,300 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $315.88, for a total value of $410,644.00. Following the transaction, the insider now owns 3,193 shares of the company’s stock, valued at $1,008,604.84. This represents a 28.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,500 shares of company stock worth $4,842,604. Company insiders own 0.41% of the company’s stock.

Air Products and Chemicals 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.