Defined Wealth Management LLC Has $463,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Defined Wealth Management LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,691 shares of the basic materials company’s stock after selling 264 shares during the quarter. Defined Wealth Management LLC’s holdings in Air Products and Chemicals were worth $463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APD. Norges Bank acquired a new stake in Air Products and Chemicals in the fourth quarter worth about $962,356,000. Moneta Group Investment Advisors LLC boosted its holdings in Air Products and Chemicals by 111,211.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,640,729 shares of the basic materials company’s stock worth $505,771,000 after buying an additional 1,639,255 shares during the last quarter. Morgan Stanley boosted its holdings in Air Products and Chemicals by 26.0% during the fourth quarter. Morgan Stanley now owns 5,414,008 shares of the basic materials company’s stock worth $1,668,923,000 after buying an additional 1,115,729 shares during the last quarter. Barclays PLC boosted its holdings in Air Products and Chemicals by 222.0% during the second quarter. Barclays PLC now owns 879,406 shares of the basic materials company’s stock worth $263,407,000 after buying an additional 606,280 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Air Products and Chemicals by 36.3% during the first quarter. Invesco Ltd. now owns 1,287,687 shares of the basic materials company’s stock worth $321,806,000 after buying an additional 342,982 shares during the last quarter. 82.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley reduced their target price on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. TD Cowen cut their price objective on Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. Mizuho cut their target price on Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. TheStreet cut Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. Finally, Wells Fargo & Company cut Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Hold” and an average target price of $280.29.

Get Our Latest Stock Report on APD

Air Products and Chemicals Stock Performance

Shares of APD stock traded down $0.51 during trading on Friday, reaching $244.63. 2,369,631 shares of the company’s stock were exchanged, compared to its average volume of 1,907,468. The company has a quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $54.38 billion, a PE ratio of 23.34, a PEG ratio of 2.72 and a beta of 0.81. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71. The firm’s fifty day moving average price is $243.86 and its 200-day moving average price is $267.14.

Air Products and Chemicals (NYSE:APDGet Free Report) last released its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.18). The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.64 earnings per share. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.38 EPS for the current year.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be paid a $1.77 dividend. The ex-dividend date is Thursday, March 28th. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.75. This represents a $7.08 annualized dividend and a yield of 2.89%. Air Products and Chemicals’s payout ratio is 67.56%.

Air Products and Chemicals Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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