Harbour Investment Management LLC Sells 630 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Harbour Investment Management LLC lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,884 shares of the basic materials company’s stock after selling 630 shares during the quarter. Air Products and Chemicals accounts for approximately 1.3% of Harbour Investment Management LLC’s portfolio, making the stock its 22nd largest position. Harbour Investment Management LLC’s holdings in Air Products and Chemicals were worth $2,867,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of APD. Geode Capital Management LLC boosted its holdings in Air Products and Chemicals by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company’s stock worth $1,448,570,000 after acquiring an additional 88,806 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Air Products and Chemicals in the fourth quarter worth approximately $885,371,000. Bank of New York Mellon Corp boosted its stake in Air Products and Chemicals by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,088,449 shares of the basic materials company’s stock worth $605,734,000 after buying an additional 30,888 shares in the last quarter. National Bank of Canada FI boosted its stake in Air Products and Chemicals by 3.9% in the third quarter. National Bank of Canada FI now owns 1,867,290 shares of the basic materials company’s stock worth $555,967,000 after buying an additional 70,759 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Air Products and Chemicals by 1.2% during the third quarter. Stifel Financial Corp now owns 1,633,381 shares of the basic materials company’s stock valued at $486,343,000 after purchasing an additional 19,209 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling at Air Products and Chemicals

In other news, insider Francesco Maione sold 2,016 shares of Air Products and Chemicals stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $306.00, for a total transaction of $616,896.00. Following the sale, the insider now owns 3,834 shares of the company’s stock, valued at approximately $1,173,204. The trade was a 34.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Sean D. Major sold 4,500 shares of the business’s stock in a transaction that occurred 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 approximately $4,502,560.58. The trade was a 23.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,500 shares of company stock valued at $4,842,604 over the last three months. 0.41% of the stock is owned by company insiders.

Air Products and Chemicals Stock Down 0.4 %

APD opened at $291.82 on Friday. The business has a 50 day moving average price of $312.54 and a two-hundred day moving average price of $307.69. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The company has a market cap of $64.92 billion, a PE ratio of 16.95, a P/E/G ratio of 3.07 and a beta of 0.85. Air Products and Chemicals, Inc. has a 52 week low of $227.53 and a 52 week high of $341.14.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.27). Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. As a group, research 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 given a $1.79 dividend. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.58%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on APD shares. Sanford C. Bernstein upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price for the company in a report on Friday, January 31st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $320.00 price objective (down from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. UBS Group dropped their target price on Air Products and Chemicals from $395.00 to $370.00 and set a “buy” rating on the stock in a research report on Friday. 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, Barclays raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $315.00 to $365.00 in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.