From what we can see, insiders were net buyers in Air Products and Chemicals, Inc.'s (NYSE:APD ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Air Products and Chemicals

Air Products and Chemicals Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Chairman Seifollah Ghasemi for US$2.9m worth of shares, at about US$264 per share. Even though the purchase was made at a significantly lower price than the recent price (US$330), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Seifollah Ghasemi bought a total of 21.00k shares over the year at an average price of US$259. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Air Products and Chemicals is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Air Products and Chemicals Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Air Products and Chemicals insiders own about US$288m worth of shares (which is 0.4% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Air Products and Chemicals Insider Transactions Indicate?

There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. With high insider ownership and encouraging transactions, it seems like Air Products and Chemicals insiders think the business has merit. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 2 warning signs for Air Products and Chemicals that deserve your attention before buying any shares.