Topsail Wealth Management LLC Buys Shares of 1,114 Air Products and Chemicals, Inc. (NYSE:APD)

Topsail Wealth Management LLC purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,114 shares of the basic materials company's stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APD. Chelsea Counsel Co. raised its position in shares of Air Products and Chemicals by 1.5% during the 3rd quarter. Chelsea Counsel Co. now owns 3,377 shares of the basic materials company's stock worth $1,005,000 after purchasing an additional 50 shares during the last quarter. Tudor Financial Inc. acquired a new position in shares of Air Products and Chemicals during the third quarter valued at approximately $1,654,000. Anchor Investment Management LLC boosted its stake in shares of Air Products and Chemicals by 35.5% in the third quarter. Anchor Investment Management LLC now owns 2,930 shares of the basic materials company's stock worth $872,000 after acquiring an additional 768 shares during the last quarter. World Investment Advisors LLC increased its position in shares of Air Products and Chemicals by 1,205.1% during the third quarter. World Investment Advisors LLC now owns 38,423 shares of the basic materials company's stock worth $11,440,000 after purchasing an additional 35,479 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in Air Products and Chemicals by 286.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,299 shares of the basic materials company's stock valued at $6,342,000 after purchasing an additional 15,791 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Activity at Air Products and Chemicals

In related news, insider Francesco Maione sold 2,016 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 3,834 shares in the company, valued at $1,173,204. This trade 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 available at this link. Also, insider Wilbur Mok sold 1,300 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $315.88, for a total value of $410,644.00. Following the transaction, the insider now owns 3,193 shares in the company, valued at $1,008,604.84. The trade was a 28.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock worth $4,842,604 in the last 90 days. 0.41% of the stock is owned by insiders.

Air Products and Chemicals Stock Down 0.3 %

Shares of NYSE:APD traded down $0.80 during trading hours on Wednesday, reaching $270.13. The stock had a trading volume of 525,489 shares, compared to its average volume of 1,477,520. The stock has a market capitalization of $60.10 billion, a price-to-earnings ratio of 15.69, 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. The firm's 50 day moving average is $285.90 and its 200-day moving average is $304.65. Air Products and Chemicals, Inc. has a 1 year low of $228.81 and a 1 year high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data 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%. Research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APD. UBS Group dropped their target price on shares of Air Products and Chemicals from $370.00 to $335.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. StockNews.com downgraded Air Products and Chemicals from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. BNP Paribas upgraded Air Products and Chemicals to a "strong-buy" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $320.00 target price (down from $345.00) on shares of Air Products and Chemicals in a research note on Friday, February 7th. Finally, BMO Capital Markets downgraded Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of "Moderate Buy" and a consensus price target of $332.18.

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.