Cypress Wealth Services LLC Has $437,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Cypress Wealth Services LLC decreased its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 8.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,804 shares of the basic materials company’s stock after selling 159 shares during the period. Cypress Wealth Services LLC’s holdings in Air Products and Chemicals were worth $437,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APD. Creative Financial Designs Inc. ADV boosted its position in Air Products and Chemicals by 1.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock valued at $996,000 after buying an additional 38 shares in the last quarter. Venture Visionary Partners LLC boosted its position in Air Products and Chemicals by 1.5% in the fourth quarter. Venture Visionary Partners LLC now owns 2,907 shares of the basic materials company’s stock valued at $796,000 after buying an additional 43 shares in the last quarter. Applied Capital LLC FL boosted its position in Air Products and Chemicals by 2.0% in the fourth quarter. Applied Capital LLC FL now owns 2,223 shares of the basic materials company’s stock valued at $609,000 after buying an additional 43 shares in the last quarter. Mycio Wealth Partners LLC boosted its position in Air Products and Chemicals by 0.6% in the fourth quarter. Mycio Wealth Partners LLC now owns 7,044 shares of the basic materials company’s stock valued at $1,929,000 after buying an additional 44 shares in the last quarter. Finally, Werlinich Asset Management LLC boosted its position in Air Products and Chemicals by 3.0% in the fourth quarter. Werlinich Asset Management LLC now owns 1,563 shares of the basic materials company’s stock valued at $431,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on APD. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Friday, June 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Air Products and Chemicals from $260.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Mizuho dropped their target price on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Bank of America boosted their target price on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals has an average rating of “Hold” and an average target price of $287.29.

View Our Latest Analysis on Air Products and Chemicals

Air Products and Chemicals Trading Down 0.3 %

NYSE:APD traded down $0.66 during trading hours on Thursday, hitting $263.04. The stock had a trading volume of 2,747,989 shares, compared to its average volume of 1,769,134. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. The company has a market cap of $58.48 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 2.89 and a beta of 0.84. The business’s 50 day moving average is $258.60 and its 200-day moving average is $251.91.

Air Products and Chemicals (NYSE:APDGet Free Report) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the firm earned $2.74 earnings per share. The business’s quarterly revenue was down 8.4% on a year-over-year basis. Sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.3 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Monday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

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.

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

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