11,977 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Acquired by Caliber Wealth Management LLC KS

Key Points

• Caliber Wealth Management LLC KS has acquired a new position in Air Products and Chemicals, purchasing 11,977 shares valued at approximately $3.53 million in the 1st quarter.
• The company's latest earnings report showed an EPS of $2.69, missing analysts' expectations, and a year-over-year revenue decline of 0.5%.
• Air Products and Chemicals announced a quarterly dividend of $1.79 per share, representing an annualized dividend yield of 2.41%, with a payout ratio exceeding 104%.

Caliber Wealth Management LLC KS purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,977 shares of the basic materials company's stock, valued at approximately $3,532,000.

Several other hedge funds also recently added to or reduced their stakes in APD. Baker Avenue Asset Management LP increased its holdings in shares of Air Products and Chemicals by 2.3% in the fourth quarter. Baker Avenue Asset Management LP now owns 1,540 shares of the basic materials company's stock valued at $447,000 after purchasing an additional 34 shares during the period. West Branch Capital LLC boosted its holdings in Air Products and Chemicals by 10.2% in the first quarter. West Branch Capital LLC now owns 421 shares of the basic materials company's stock valued at $124,000 after purchasing an additional 39 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Air Products and Chemicals by 2.6% in the first quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company's stock worth $454,000 after buying an additional 39 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Air Products and Chemicals by 1.6% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 2,499 shares of the basic materials company's stock worth $737,000 after buying an additional 40 shares during the last quarter. Finally, Stableford Capital II LLC boosted its stake in shares of Air Products and Chemicals by 1.3% in the first quarter. Stableford Capital II LLC now owns 3,222 shares of the basic materials company's stock worth $950,000 after buying an additional 41 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APD has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on Air Products and Chemicals in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 target price on the stock. Wells Fargo & Company upped their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Barclays dropped their price objective on Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Mizuho increased their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Finally, Bank of America cut Air Products and Chemicals from a "neutral" rating to an "underperform" rating and cut their target price for the stock from $330.00 to $282.00 in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Air Products and Chemicals has an average rating of "Moderate Buy" and a consensus price target of $334.75.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock traded down $1.61 on Tuesday, hitting $293.95. The company had a trading volume of 213,763 shares, compared to its average volume of 1,339,335. The business has a 50-day simple moving average of $283.63 and a 200-day simple moving average of $290.72. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.00 and a quick ratio of 0.85. The company has a market cap of $65.42 billion, a PE ratio of 42.72, a PEG ratio of 5.74 and a beta of 0.85. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $2.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.83 by ($0.14). The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.94 billion. Air Products and Chemicals had a return on equity of 15.48% and a net margin of 12.76%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.85 EPS. Research analysts expect that Air Products and Chemicals, Inc. will post 12.69 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, November 10th. Shareholders of record on Wednesday, October 1st will be given a $1.79 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 annualized dividend and a yield of 2.44%. Air Products and Chemicals's dividend payout ratio is 104.07%.

Air Products and Chemicals Company 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.