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

Two Point Capital Management Inc. increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,129 shares of the basic materials company’s stock after acquiring an additional 147 shares during the period. Air Products and Chemicals comprises about 3.1% of Two Point Capital Management Inc.’s portfolio, making the stock its 16th biggest position. Two Point Capital Management Inc.’s holdings in Air Products and Chemicals were worth $8,675,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC grew its position in Air Products and Chemicals by 106.3% during the 4th quarter. SG Americas Securities LLC now owns 13,494 shares of the basic materials company’s stock worth $3,914,000 after acquiring an additional 6,952 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in 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 last quarter. Wedge Capital Management L L P NC bought a new stake in Air Products and Chemicals during the 4th quarter worth $7,269,000. Forsta AP Fonden grew its position in 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 grew its position in Air Products and Chemicals by 88.2% during the 4th quarter. Diversify Wealth Management LLC now owns 10,490 shares of the basic materials company’s stock worth $3,074,000 after acquiring an additional 4,916 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Sanford C. Bernstein upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price target on the stock in a research report on Friday, January 31st. Citigroup upped their price target on 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. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $320.00 price target (down previously from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. Bank of America lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price target on the stock. in a research report on Monday, January 27th. Finally, Wells Fargo & Company upped their price target on Air Products and Chemicals from $350.00 to $365.00 and gave the company an “overweight” 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 issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $339.94.

Air Products and Chemicals Stock Up 0.3 %

APD stock opened at $310.35 on Thursday. The company 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, Inc. has a fifty-two week low of $216.30 and a fifty-two week high of $341.14. The stock’s 50 day simple moving average is $308.90 and its 200 day simple moving average is $302.60. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.34 and a current ratio of 1.11.

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

Air Products and Chemicals Increases Dividend

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

Insider Activity at Air Products and Chemicals

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

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.