Mycio Wealth Partners LLC Has $2.35 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Mycio Wealth Partners LLC increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,099 shares of the basic materials company’s stock after buying an additional 1,099 shares during the quarter. Air Products and Chemicals makes up 0.6% of Mycio Wealth Partners LLC’s holdings, making the stock its 19th biggest position. Mycio Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $2,349,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC increased its position in Air Products and Chemicals by 106.3% during the fourth quarter. SG Americas Securities LLC now owns 13,494 shares of the basic materials company’s stock worth $3,914,000 after buying an additional 6,952 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Air Products and Chemicals by 59.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock worth $111,488,000 after acquiring an additional 139,223 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $7,269,000. Forsta AP Fonden increased its holdings in shares of Air Products and Chemicals by 13.4% during the 3rd quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock worth $13,607,000 after acquiring an additional 5,400 shares during the last quarter. Finally, Diversify Wealth Management LLC raised its stake in Air Products and Chemicals by 88.2% in the 4th quarter. Diversify Wealth Management LLC now owns 10,490 shares of the basic materials company’s stock valued at $3,074,000 after acquiring an additional 4,916 shares during the period. 81.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 3,233 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $307.32, for a total transaction of $993,565.56. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Francesco Maione sold 2,016 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $306.00, for a total value of $616,896.00. Following the completion of the transaction, the insider now owns 3,834 shares of the company’s stock, valued at $1,173,204. The trade was a 34.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,749 shares of company stock valued at $3,030,032. 0.41% of the stock is currently owned by corporate insiders.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $310.35 on Thursday. The firm has a 50 day moving average of $308.56 and a 200-day moving average of $302.65. The stock has a market capitalization of $69.02 billion, a PE ratio of 18.02, a PEG ratio of 3.47 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a 12 month low of $216.30 and a 12 month high of $341.14.

Air Products and Chemicals (NYSE:APD) last released its earnings results 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 return on equity of 15.78% and a net margin of 31.88%. On average, equities research analysts predict that Air Products and Chemicals, Inc. will post 12.77 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on APD. Citigroup increased their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, November 11th. BMO Capital Markets cut shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Bank of America cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective for the company. in a report on Monday, January 27th. Sanford C. Bernstein upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price on the stock in a research note on Friday, January 31st. Finally, Wells Fargo & Company lifted their price target on Air Products and Chemicals from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and an average price target of $339.94.

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.