Mutual Advisors LLC Grows Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Mutual Advisors LLC raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 10.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,503 shares of the basic materials company’s stock after acquiring an additional 233 shares during the quarter. Mutual Advisors LLC’s holdings in Air Products and Chemicals were worth $685,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. FinTrust Capital Advisors LLC grew its position in Air Products and Chemicals by 40.4% in the 3rd 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 during the last quarter. Artemis Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals during the 3rd quarter worth $39,000. ICA Group Wealth Management LLC bought a new position in shares of Air Products and Chemicals during the 4th quarter worth $44,000. Fortitude Family Office LLC bought a new position in shares of Air Products and Chemicals during the 4th quarter worth $42,000. Finally, Carmel Capital Partners LLC bought a new position in shares of Air Products and Chemicals during the 3rd quarter worth $48,000. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TheStreet downgraded Air Products and Chemicals from a “b” rating to a “c+” rating in a research report on Monday, February 5th. Wolfe Research assumed coverage on Air Products and Chemicals in a research report on Friday, March 1st. They set an “outperform” rating and a $279.00 price target on the stock. TD Cowen dropped their price target on Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. Morgan Stanley dropped their price objective on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Finally, 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 research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $280.29.

Air Products and Chemicals Trading Up 2.2 %

Air Products and Chemicals stock opened at $243.06 on Thursday. The stock has a 50-day moving average of $240.12 and a two-hundred day moving average of $264.16. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71. The stock has a market cap of $54.03 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 2.62 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS 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 analysts’ expectations of $3.20 billion. During the same quarter last year, the business posted $2.64 earnings per share. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.38 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.91%. This is a boost 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 presently 66.79%.

Air Products and Chemicals 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.