Callan Family Office LLC Has $3.89 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Key Points

• Callan Family Office LLC increased its stake in Air Products and Chemicals, Inc. by 10.6%, acquiring an additional 1,258 shares, bringing their total holdings to 13,182 shares valued at $3,888,000.
• Victoria Brifo, a VP at the company, sold 1,359 shares for approximately $397,344, reducing her position by 13.53%.
• The recent quarterly dividend announced is $1.79 per share, with a payment date of November 10th, representing an annualized dividend yield of 2.5%.

Callan Family Office LLC lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,182 shares of the basic materials company's stock after purchasing an additional 1,258 shares during the period. Callan Family Office LLC's holdings in Air Products and Chemicals were worth $3,888,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of Air Products and Chemicals during the 1st quarter worth about $25,000. Cheviot Value Management LLC acquired a new position in Air Products and Chemicals in the 1st quarter valued at about $27,000. Citizens National Bank Trust Department grew its stake in Air Products and Chemicals by 833.3% in the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock valued at $33,000 after buying an additional 100 shares during the last quarter. Sunbelt Securities Inc. grew its stake in Air Products and Chemicals by 525.9% in the 4th quarter. Sunbelt Securities Inc. now owns 169 shares of the basic materials company's stock valued at $49,000 after buying an additional 142 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Air Products and Chemicals in the 4th quarter valued at about $50,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

NYSE:APD traded down $1.64 on Friday, hitting $290.53. The company had a trading volume of 1,033,289 shares, compared to its average volume of 980,574. The stock has a market capitalization of $64.66 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 6.52 and a beta of 0.81. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average of $287.62 and a two-hundred day moving average of $288.40. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.99 by $0.10. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.20 EPS. On average, research 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 firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio is 103.02%.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the transaction, the vice president directly owned 8,686 shares in the company, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.41% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on APD shares. Citigroup upped their price target on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Wells Fargo & Company upped their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Wall Street Zen upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Royal Bank Of Canada began coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They issued an "outperform" rating and a $355.00 price target on the stock. Finally, Morgan Stanley began coverage on shares of Air Products and Chemicals in a research report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 target price on the stock. One research analyst has 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 company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $335.07.

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.