Toronto Dominion Bank Acquires 9,812 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Toronto Dominion Bank increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 119,642 shares of the basic materials company's stock after buying an additional 9,812 shares during the quarter. Toronto Dominion Bank owned about 0.05% of Air Products and Chemicals worth $34,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in APD. First Horizon Advisors Inc. raised its position in Air Products and Chemicals by 1.8% in the fourth quarter. First Horizon Advisors Inc. now owns 1,742 shares of the basic materials company's stock worth $505,000 after purchasing an additional 31 shares in the last quarter. Lake Street Advisors Group LLC raised its holdings in shares of Air Products and Chemicals by 1.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,028 shares of the basic materials company's stock worth $588,000 after buying an additional 31 shares in the last quarter. WR Wealth Planners LLC lifted its position in shares of Air Products and Chemicals by 40.3% during the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock worth $31,000 after buying an additional 31 shares during the period. Silver Oak Securities Incorporated boosted its stake in Air Products and Chemicals by 1.1% in the 4th quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company's stock valued at $888,000 after buying an additional 32 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in Air Products and Chemicals by 3.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 974 shares of the basic materials company's stock valued at $282,000 after acquiring an additional 33 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Air Products and Chemicals

In other news, VP Walter L. Nelson sold 589 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was 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 of the company's stock, valued at $221,811.50. This represents a 45.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company's stock.

Analyst Ratings Changes

APD has been the topic of several research analyst reports. BNP Paribas raised shares of Air Products and Chemicals to a "strong-buy" rating in a research note on Tuesday, February 11th. UBS Group dropped their price target on Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating for the company in a report on Friday, May 2nd. BMO Capital Markets lowered Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. restated a "neutral" rating and set a $320.00 target price (down previously from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. Finally, Wall Street Zen cut Air Products and Chemicals from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $330.38.

Air Products and Chemicals Stock Down 0.2%

NYSE APD traded down $0.61 during mid-day trading on Thursday, hitting $269.06. The company's stock had a trading volume of 1,016,739 shares, compared to its average volume of 1,447,626. The firm has a market capitalization of $59.88 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 3.07 and a beta of 0.88. The company's 50 day simple moving average is $274.87 and its 200 day simple moving average is $299.36. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $2.69 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.14). The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.94 billion. Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $2.85 earnings per share. Analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Tuesday, July 1st will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.66%. Air Products and Chemicals's dividend payout ratio is 104.07%.

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.