Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by 49 Wealth Management LLC

49 Wealth Management LLC increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 100.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,650 shares of the basic materials company’s stock after acquiring an additional 825 shares during the quarter. 49 Wealth Management LLC’s holdings in Air Products and Chemicals were worth $487,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Air Products and Chemicals by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 21,485,176 shares of the basic materials company’s stock valued at $6,231,560,000 after buying an additional 207,404 shares in the last quarter. Dodge & Cox lifted its position in shares of Air Products and Chemicals by 1.0% in the fourth quarter. Dodge & Cox now owns 6,663,154 shares of the basic materials company’s stock valued at $1,932,581,000 after acquiring an additional 64,960 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Air Products and Chemicals by 129.4% in the fourth quarter. Bank of America Corp DE now owns 5,429,147 shares of the basic materials company’s stock valued at $1,574,670,000 after acquiring an additional 3,062,157 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Air Products and Chemicals by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 4,931,661 shares of the basic materials company’s stock worth $1,430,354,000 after purchasing an additional 57,314 shares in the last quarter. Finally, Mantle Ridge LP acquired a new position in Air Products and Chemicals in the 4th quarter valued at $1,191,344,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

NYSE:APD opened at $289.27 on Tuesday. The company has a market capitalization of $64.37 billion, a P/E ratio of 42.05, a P/E/G ratio of 5.60 and a beta of 0.85. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 0.85. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The stock’s fifty day moving average is $277.21 and its two-hundred day moving average is $290.24.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, May 1st. The basic materials company reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.14). The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.94 billion. Air Products and Chemicals had a net margin of 12.76% and a return on equity of 15.48%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $2.85 EPS. Equities analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.48%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 104.07%.

Wall Street Analyst Weigh In

APD has been the topic of several recent research reports. UBS Group lowered their target price on shares of Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Bank of America lowered shares of Air Products and Chemicals from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $330.00 to $282.00 in a research report on Tuesday, April 15th. Citigroup increased their price objective on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the company a “buy” rating in a report on Monday, June 30th. Wells Fargo & Company decreased their target price on shares of Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Finally, Royal Bank Of Canada initiated coverage on Air Products and Chemicals in a research report on Friday, June 13th. They issued an “outperform” rating and a $355.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.94.

Air Products and Chemicals Profile

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.