Howland Capital Management LLC Sells 200 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Howland Capital Management LLC trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 3.4% during the fourth quarter, HoldingsChannel reports. The firm owned 5,687 shares of the basic materials company’s stock after selling 200 shares during the quarter. Howland Capital Management LLC’s holdings in Air Products and Chemicals were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp raised its stake in shares of Air Products and Chemicals by 3.3% during the 2nd quarter. State Street Corp now owns 9,693,186 shares of the basic materials company’s stock worth $2,920,175,000 after purchasing an additional 307,468 shares during the period. Morgan Stanley raised its stake in shares of Air Products and Chemicals by 26.0% during the 4th quarter. Morgan Stanley now owns 5,414,008 shares of the basic materials company’s stock worth $1,668,923,000 after purchasing an additional 1,115,729 shares during the period. Wells Fargo & Company MN raised its stake in shares of Air Products and Chemicals by 0.9% during the 2nd quarter. Wells Fargo & Company MN now owns 4,163,043 shares of the basic materials company’s stock worth $1,246,957,000 after purchasing an additional 38,283 shares during the period. Northern Trust Corp raised its stake in shares of Air Products and Chemicals by 1.0% during the 3rd quarter. Northern Trust Corp now owns 3,829,919 shares of the basic materials company’s stock worth $1,085,399,000 after purchasing an additional 39,215 shares during the period. Finally, Norges Bank bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth $962,356,000. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on APD shares. TheStreet cut Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. JPMorgan Chase & Co. decreased their price objective on Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. BMO Capital Markets decreased their price objective on Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. Morgan Stanley decreased their price objective on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Finally, Bank of America raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 price objective for the company in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $280.29.

Get Our Latest Stock Analysis on Air Products and Chemicals

Air Products and Chemicals Stock Down 0.1 %

APD stock opened at $239.60 on Thursday. 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 firm has a market capitalization of $53.26 billion, a PE ratio of 22.87, a PEG ratio of 2.64 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 stock has a 50-day simple moving average of $237.89 and a two-hundred day simple moving average of $261.85.

Air Products and Chemicals (NYSE:APDGet Free Report) last posted its earnings results 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). The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.64 EPS. On average, equities analysts predict that Air Products and Chemicals, Inc. will post 12.38 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Thursday, March 28th. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.75. Air Products and Chemicals’s dividend payout ratio (DPR) is 67.56%.

About Air Products and Chemicals

(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.

Further Reading

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APDFree Report).

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

Receive News & Ratings for Air Products and Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.