Mcdaniel Terry & Co. Has $18.95 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Mcdaniel Terry & Co. raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,321 shares of the basic materials company’s stock after purchasing an additional 630 shares during the period. Air Products and Chemicals accounts for approximately 1.6% of Mcdaniel Terry & Co.’s holdings, making the stock its 27th biggest holding. Mcdaniel Terry & Co.’s holdings in Air Products and Chemicals were worth $18,946,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Silver Oak Securities Incorporated grew its stake in shares of Air Products and Chemicals by 1.1% during the 4th quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company’s stock worth $888,000 after acquiring an additional 32 shares in the last quarter. Bank of Stockton grew its stake in shares of Air Products and Chemicals by 1.9% in the third quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock valued at $540,000 after buying an additional 34 shares in the last quarter. Financial Perspectives Inc grew its stake in shares of Air Products and Chemicals by 33.3% in the fourth quarter. Financial Perspectives Inc now owns 140 shares of the basic materials company’s stock valued at $41,000 after buying an additional 35 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Air Products and Chemicals by 22.3% during the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 37 shares during the period. Finally, Chesapeake Wealth Management boosted its position in Air Products and Chemicals by 1.7% during the third quarter. Chesapeake Wealth Management now owns 2,189 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 37 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on APD. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a report on Friday, October 25th. StockNews.com cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Wells Fargo & Company lifted their target price on Air Products and Chemicals from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. restated a “neutral” rating and set a $320.00 price target (down from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. Finally, Bank of America cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price target on the stock. in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has assigned 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 $339.94.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $316.89 on Thursday. 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 twelve month low of $225.26 and a twelve month high of $341.14. The stock’s 50 day moving average is $308.49 and its 200-day moving average is $304.19. The firm has a market capitalization of $70.50 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 3.13 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD) last issued its 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%. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.26%. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio is presently 41.11%.

Insider Transactions at Air Products and Chemicals

In related news, insider Francesco Maione sold 2,016 shares of the stock in a transaction on Monday, February 10th. The stock was 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 directly owns 3,834 shares of the company’s stock, valued at approximately $1,173,204. This represents a 34.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Sean D. Major sold 4,500 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $315.46, for a total value of $1,419,570.00. Following the completion of the sale, the vice president now directly owns 14,273 shares of the company’s stock, valued at $4,502,560.58. The trade was a 23.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,411 shares of company stock valued at $4,186,642 over the last ninety days. 0.41% of the stock is owned by company insiders.

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.