Insider Buying Signals Potential Investment Opportunity
Envision peering through the playbook of the most recent Dividend Channel report, and plucking out only the choicest selections – those companies graced by insider purchases in the past half-year. An insider’s gaze offers a bird’s eye view of the business, with a sprinkle of business magic. Why would an insider channel their hard-earned cash into the open stock market? Certainly, it must be the anticipation of profits – a bargain buy, exciting industry headway, or perhaps both. Enter Air Products & Chemicals Inc (Symbol: APD), where CEO Seifi Ghasemi recently embarked on an investment spree.
Picture the scene: on a day like November 13, Ghasemi dove in with a whopping $2,908,620.00 splurge on 11,000 APD shares, at $264.42 per share. On a Wednesday trading session, savvy deal scavengers could scoop up shares of Air Products & Chemicals Inc (Symbol: APD) at a bargain, a whopping 10.1% cheaper than Ghasemi, as shares danced down to $237.70 apiece. It’s worth mentioning that since their shopping spree, Ghasemi has pocketed $1.75 per share in dividends, landing themselves at a 9.4% loss from a total return perspective. Today, Air Products & Chemicals Inc shares are circling a -1.37% descent. Behold the chart illustration below, showcasing APD’s year-long jaunt against its 200-day moving average:
Tuning into the chart, APD’s low ebb in its annual rollercoaster ride clocks in at $212.24 per share, while its kingly peak stands tall at $307.71 over 52 weeks — its last tango, price-wise, at $238.43. Conversely, lay eyes on a table mapping the price points of insider purchases over the last half-year:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 11/08/2023 | Seifi Ghasemi | Chairman, Pres. and CEO | 10,000 | $252.34 | $2,523,400.00 |
| 11/13/2023 | Seifi Ghasemi | Chairman, Pres. and CEO | 11,000 | $264.42 | $2,908,620.00 |
The DividendRank dossier flagged APD shares exhibiting enticing valuation and robust profitability indicators. It hailed Air Products & Chemicals Inc’s sturdy quarterly dividend track record and zoomed in on favorable, multi-year growth rates nestled within critical fundamentals.
The exposé underscored, ”When it comes to dividends, value-minded investors are drawn to mighty, profitable companies swaying at alluring valuations. That’s the golden goose our exclusive DividendRank concocts, sifting the coverage universe for stellar stocks deserving deeper digs, ”
The annual dividend bounty bestowed by Air Products & Chemicals Inc currently stands at $7.08 per share, paid out quarterly, with its latest dividend ex-date styling on 03/28/2024. Behold beneath a tapestry depicting APD’s dividend voyages over the ages, a compass deemed pivotal by the exposé. Indeed, gazing into a company’s dividend past often sheds light on the future trajectory of its dividend endowments.
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