According to GuruFocus Insider Data, this is the largest CEO buy during the past week.
Air Products & Chemicals CEO bought 20,000 shares
Air Products & Chemicals Inc. (NYSE:APD) Chairman, President and CEO Seifi Ghasemi bought 20,000 shares on July 26 at a price of $227.16. The price of the stock has increased by 1.49% since.
Established in 1940, Air Products is among the largest global producers of atmospheric gases and is the world's largest supplier of hydrogen and helium. It offers a unique portfolio of products and services in a number of industries, including energy, electronics, chemicals, metals, and manufacturing. The company operates in more than 40 countries, with international sales representing more than half of revenue. In fiscal 2016, Air Products generated $9.5 billion in sales and employed roughly 19,000 workers. The company has a market cap of $50.75 billion. Its shares traded at $230.55 with a price-earnings ratio of 29.83 as of July 26.
Net income for the third quarter of fiscal 2019 was $488 million compared to $431 million for the comparable period of 2018.
For the complete list of stocks that were bought by their company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
This article first appeared on GuruFocus.
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