Fieldpoint Private Securities LLC Sells 268 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Fieldpoint Private Securities LLC reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APDGet Rating) by 57.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 196 shares of the basic materials company’s stock after selling 268 shares during the quarter. Fieldpoint Private Securities LLC’s holdings in Air Products and Chemicals were worth $49,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of APD. Mitchell & Pahl Private Wealth LLC grew its stake in Air Products and Chemicals by 4.2% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 3,638 shares of the basic materials company’s stock worth $1,107,000 after buying an additional 148 shares in the last quarter. JGP Wealth Management LLC increased its holdings in Air Products and Chemicals by 5.3% in the 4th quarter. JGP Wealth Management LLC now owns 35,442 shares of the basic materials company’s stock valued at $10,783,000 after buying an additional 1,772 shares during the period. CFS Investment Advisory Services LLC bought a new position in Air Products and Chemicals in the 3rd quarter valued at about $1,893,000. Capital World Investors increased its holdings in Air Products and Chemicals by 49.4% in the 4th quarter. Capital World Investors now owns 2,633,053 shares of the basic materials company’s stock valued at $801,133,000 after buying an additional 870,582 shares during the period. Finally, Xponance Inc. increased its holdings in Air Products and Chemicals by 57.9% in the 4th quarter. Xponance Inc. now owns 42,630 shares of the basic materials company’s stock valued at $12,971,000 after buying an additional 15,630 shares during the period. Institutional investors own 80.62% of the company’s stock.

Several equities analysts have commented on the stock. Barclays dropped their target price on shares of Air Products and Chemicals from $300.00 to $275.00 in a research report on Monday, May 9th. Credit Suisse Group dropped their target price on shares of Air Products and Chemicals from $302.00 to $290.00 and set an “outperform” rating on the stock in a research report on Friday, May 20th. Wells Fargo & Company cut shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $275.00 to $255.00 in a research report on Wednesday, May 11th. Jefferies Financial Group dropped their target price on shares of Air Products and Chemicals from $270.00 to $257.00 in a research report on Thursday, June 16th. Finally, StockNews.com began coverage on shares of Air Products and Chemicals in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $292.46.

NYSE:APD opened at $241.00 on Thursday. Air Products and Chemicals, Inc. has a 52-week low of $216.24 and a 52-week high of $316.39. The stock has a fifty day moving average of $241.80 and a 200 day moving average of $257.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.79 and a current ratio of 1.95. The firm has a market capitalization of $53.45 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.76 and a beta of 0.87.

Air Products and Chemicals (NYSE:APDGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The basic materials company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3 billion. Air Products and Chemicals had a return on equity of 15.32% and a net margin of 19.63%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company posted $2.08 EPS. Equities analysts forecast that Air Products and Chemicals, Inc. will post 10.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 8th. Stockholders of record on Friday, July 1st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, June 30th. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 64.54%.

About Air Products and Chemicals (Get Rating)

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

See Also

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

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