Procyon Advisors LLC Sells 129 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Procyon Advisors LLC lessened its position in Air Products and Chemicals, Inc. (NYSE:APD) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,786 shares of the basic materials company’s stock after selling 129 shares during the period. Procyon Advisors LLC’s holdings in Air Products and Chemicals were worth $763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Spring Capital Management LLC boosted its holdings in shares of Air Products and Chemicals by 2.2% during the 4th quarter. Spring Capital Management LLC now owns 17,692 shares of the basic materials company’s stock worth $4,844,000 after buying an additional 379 shares during the period. Planned Solutions Inc. acquired a new stake in Air Products and Chemicals in the 4th quarter worth about $55,000. IFG Advisory LLC raised its stake in Air Products and Chemicals by 3.6% in the 4th quarter. IFG Advisory LLC now owns 8,240 shares of the basic materials company’s stock worth $2,256,000 after purchasing an additional 287 shares in the last quarter. Columbia Trust Co 01012016 raised its stake in Air Products and Chemicals by 10.1% in the 4th quarter. Columbia Trust Co 01012016 now owns 6,055 shares of the basic materials company’s stock worth $1,658,000 after purchasing an additional 553 shares in the last quarter. Finally, PFG Investments LLC raised its position in shares of Air Products and Chemicals by 11.0% in the 4th quarter. PFG Investments LLC now owns 1,003 shares of the basic materials company’s stock valued at $275,000 after buying an additional 99 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.0 %

NYSE APD traded up $0.12 on Thursday, hitting $241.45. 150,532 shares of the company were exchanged, compared to its average volume of 1,818,393. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The company has a market cap of $53.67 billion, a PE ratio of 23.10, a PEG ratio of 2.62 and a beta of 0.81. The stock has a fifty day moving average of $240.12 and a 200-day moving average of $264.16. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74.

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

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, April 1st will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.93%. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.75. The ex-dividend date of this dividend is Thursday, March 28th. Air Products and Chemicals’s dividend payout ratio (DPR) is 66.79%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on APD. Argus cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. TheStreet downgraded shares of Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. BMO Capital Markets dropped their price objective on shares of Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, TD Cowen decreased their price target on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $280.29.

Air Products and Chemicals Company 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.