Sfmg LLC Trims Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Sfmg LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 27.2% in the 4th quarter, HoldingsChannel reports. The firm owned 764 shares of the basic materials company’s stock after selling 286 shares during the quarter. Sfmg LLC’s holdings in Air Products and Chemicals were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of APD. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth about $27,000. Legacy Bridge LLC purchased a new position in Air Products and Chemicals during the fourth quarter valued at approximately $35,000. FinTrust Capital Advisors LLC raised its position in Air Products and Chemicals by 40.4% during the third quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 38 shares in the last quarter. Artemis Wealth Advisors LLC purchased a new position in Air Products and Chemicals during the third quarter valued at approximately $39,000. Finally, Fortitude Family Office LLC purchased a new position in Air Products and Chemicals during the fourth quarter valued at approximately $42,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on APD. Seaport Res Ptn cut Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Wells Fargo & Company lowered Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. BMO Capital Markets dropped their price objective on Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. JPMorgan Chase & Co. dropped their price objective on Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Finally, Citigroup raised their price objective on Air Products and Chemicals from $260.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $276.36.

Read Our Latest Stock Report on APD

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $229.08 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58. The business’s 50 day moving average price is $235.38 and its 200-day moving average price is $257.98. The firm has a market capitalization of $50.92 billion, a PE ratio of 21.86, a P/E/G ratio of 2.50 and a beta of 0.81. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $307.71.

Air Products and Chemicals (NYSE:APDGet Free Report) 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). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm posted $2.64 EPS. As a group, equities research analysts expect that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The business 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 dividend of $1.77 per share. The ex-dividend date is Thursday, March 28th. This represents a $7.08 dividend on an annualized basis and a yield of 3.09%. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.75. Air Products and Chemicals’s payout ratio is 67.56%.

Air Products and Chemicals Company 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

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

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