Glenview Trust co Buys 223 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Glenview Trust co grew 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 Form 13F filing with the Securities and Exchange Commission. The fund owned 6,850 shares of the basic materials company’s stock after acquiring an additional 223 shares during the period. Glenview Trust co’s holdings in Air Products and Chemicals were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of Air Products and Chemicals by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company’s stock valued at $1,448,570,000 after buying an additional 88,806 shares during the period. Raymond James Financial Inc. acquired a new stake in Air Products and Chemicals in the fourth quarter worth about $885,371,000. Bank of New York Mellon Corp raised its holdings in Air Products and Chemicals by 1.5% during the 4th 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 purchasing an additional 30,888 shares during the last quarter. National Bank of Canada FI lifted its position in Air Products and Chemicals by 3.9% during the 3rd quarter. National Bank of Canada FI now owns 1,867,290 shares of the basic materials company’s stock valued at $555,967,000 after purchasing an additional 70,759 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of Air Products and Chemicals by 1.2% in the 3rd 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 last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Sean D. Major sold 4,500 shares of the company’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 transaction, the vice president now owns 14,273 shares of the company’s stock, valued at approximately $4,502,560.58. This represents a 23.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kurt Lefevere sold 1,500 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $316.17, for a total value of $474,255.00. Following the completion of the transaction, the insider now directly owns 1,462 shares in the company, valued at approximately $462,240.54. This represents a 50.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock valued at $4,842,604 over the last ninety days. 0.41% of the stock is currently owned by company insiders.

Air Products and Chemicals Trading Down 0.4 %

Shares of Air Products and Chemicals stock opened at $291.82 on Monday. The stock has a market cap of $64.92 billion, a P/E ratio of 16.95, a P/E/G ratio of 3.07 and a beta of 0.85. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a 12-month low of $227.53 and a 12-month high of $341.14. The business’s 50 day moving average is $312.54 and its 200-day moving average is $308.12.

Air Products and Chemicals (NYSE:APD) last announced 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%. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. This represents a $7.16 annualized dividend and a yield of 2.45%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.58%.

Analyst Upgrades and Downgrades

APD has been the subject of a number of recent research reports. Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $315.00 to $365.00 in a research note on Friday, January 24th. Sanford C. Bernstein raised 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 note on Friday, January 31st. BMO Capital Markets cut Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. StockNews.com lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $320.00 target price (down from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $342.65.

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.