Insider Selling: Robert M. Mclaughlin Unloads 24,000 Shares of Airgas Stock (ARG)
Airgas (NYSE:ARG) CFO Robert M. Mclaughlin sold 24,000 shares of Airgas stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $108.67, for a total transaction of $2,608,080.00. Following the completion of the sale, the chief financial officer now directly owns 24,636 shares of the company’s stock, valued at approximately $2,677,194. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Airgas in a research note on Friday, July 25th. They now have a $115.00 price target on the stock, up previously from $110.00. Analysts at Jefferies Group reiterated a “buy” rating on shares of Airgas in a research note on Wednesday, July 9th. They now have a $126.00 price target on the stock, up previously from $116.00. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $115.80.
Shares of Airgas (NYSE:ARG) traded up 2.16% on Friday, hitting $109.09. The stock had a trading volume of 443,884 shares. Airgas has a 52-week low of $99.32 and a 52-week high of $113.16. The stock’s 50-day moving average is $109.0 and its 200-day moving average is $107.1. The company has a market cap of $8.102 billion and a price-to-earnings ratio of 22.62.
Airgas (NYSE:ARG) last released its earnings data on Thursday, July 24th. The company reported $1.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.18. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts predict that Airgas will post $5.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, September 11th.
Airgas, Inc is a supplier of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.