111 Capital Makes New Investment in Air Products and Chemicals, Inc. (NYSE:APD)

111 Capital bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,280 shares of the basic materials company's stock, valued at approximately $661,000.

Other hedge funds also recently modified their holdings of the company. Generali Investments Management Co LLC bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $26,000. Sierra Ocean LLC bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $30,000. Financial Life Planners bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $31,000. WR Wealth Planners LLC raised its holdings in shares of Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock worth $31,000 after purchasing an additional 31 shares during the period. Finally, Newton One Investments LLC bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $38,000. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

NYSE:APD traded up $5.82 during trading hours on Friday, hitting $278.99. 2,872,928 shares of the company's stock traded hands, compared to its average volume of 1,448,278. The firm has a market cap of $62.09 billion, a P/E ratio of 16.20, a P/E/G ratio of 3.07 and a beta of 0.88. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The business's fifty day simple moving average is $271.94 and its two-hundred day simple moving average is $297.44. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $2.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.14). The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.94 billion. Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. Air Products and Chemicals's quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $2.85 EPS. On average, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Tuesday, July 1st will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.57%. The ex-dividend date is Tuesday, July 1st. Air Products and Chemicals's dividend payout ratio is 104.07%.

Insider Activity at Air Products and Chemicals

In related news, VP Walter L. Nelson sold 589 shares of Air Products and Chemicals stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $308.50, for a total transaction of $181,706.50. Following the completion of the sale, the vice president now owns 719 shares of the company's stock, valued at approximately $221,811.50. This trade represents a 45.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley began coverage on shares of Air Products and Chemicals in a report on Thursday. They issued an "equal weight" rating and a $290.00 price target on the stock. Barclays reduced their price objective on shares of Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Citigroup reduced their price objective on shares of Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $320.00 price objective (down from $345.00) on shares of Air Products and Chemicals in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Air Products and Chemicals currently has an average rating of "Moderate Buy" and an average target price of $331.00.

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.