Resurgent Financial Advisors LLC Has $445,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Resurgent Financial Advisors LLC reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,534 shares of the basic materials company’s stock after selling 79 shares during the period. Resurgent Financial Advisors LLC’s holdings in Air Products and Chemicals were worth $445,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Generali Investments Management Co LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth $26,000. Raleigh Capital Management Inc. grew its position in Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 43 shares during the last quarter. Sierra Ocean LLC acquired a new position in Air Products and Chemicals during the fourth quarter worth about $30,000. Financial Life Planners bought a new position in shares of Air Products and Chemicals in the fourth quarter worth about $31,000. Finally, WR Wealth Planners LLC boosted its stake in shares of Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Walter L. Nelson sold 589 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total transaction of $181,706.50. Following the transaction, the vice president now owns 719 shares in the company, valued at $221,811.50. The trade was a 45.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wilbur Mok sold 1,300 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $315.88, for a total transaction of $410,644.00. Following the completion of the sale, the insider now owns 3,193 shares of the company’s stock, valued at $1,008,604.84. The trade was a 28.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,500 shares of company stock worth $4,842,604. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated 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. Sanford C. Bernstein upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price target for the company in a report on Friday, January 31st. Bank of America downgraded Air Products and Chemicals from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $330.00 to $282.00 in a report on Tuesday. Citigroup dropped their target price on Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Finally, BNP Paribas upgraded Air Products and Chemicals to a “strong-buy” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus price target of $332.18.

Air Products and Chemicals Trading Down 2.6 %

NYSE:APD opened at $265.45 on Wednesday. Air Products and Chemicals, Inc. has a 52 week low of $227.53 and a 52 week high of $341.14. The firm’s fifty day moving average is $295.61 and its 200-day moving average is $307.20. The firm has a market cap of $59.06 billion, a P/E ratio of 15.42, a P/E/G ratio of 3.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11.

Air Products and Chemicals (NYSE:APD) last issued 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 analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current 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 paid a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. 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 yield of 2.70%. Air Products and Chemicals’s payout ratio is 41.58%.

About Air Products and Chemicals

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.