180 Wealth Advisors LLC Acquires New Stake in Air Products and Chemicals, Inc. (NYSE:APD)

180 Wealth Advisors LLC acquired a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,580 shares of the basic materials company's stock, valued at approximately $2,236,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Air Products and Chemicals by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 21,485,176 shares of the basic materials company's stock valued at $6,231,560,000 after buying an additional 207,404 shares during the period. Dodge & Cox grew its position in Air Products and Chemicals by 1.0% during the fourth quarter. Dodge & Cox now owns 6,663,154 shares of the basic materials company's stock valued at $1,932,581,000 after buying an additional 64,960 shares during the period. Bank of America Corp DE grew its position in Air Products and Chemicals by 129.4% during the fourth quarter. Bank of America Corp DE now owns 5,429,147 shares of the basic materials company's stock valued at $1,574,670,000 after buying an additional 3,062,157 shares during the period. Geode Capital Management LLC grew its position in Air Products and Chemicals by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 4,931,661 shares of the basic materials company's stock valued at $1,430,354,000 after buying an additional 57,314 shares during the period. Finally, Mantle Ridge LP acquired a new stake in Air Products and Chemicals during the fourth quarter valued at $1,191,344,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock traded down $1.32 on Thursday, hitting $278.89. The stock had a trading volume of 473,807 shares, compared to its average volume of 1,441,157. The stock has a market cap of $62.07 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 3.07 and a beta of 0.88. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The company's 50 day moving average price is $271.14 and its 200 day moving average price is $296.84.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $2.69 earnings per share for the quarter, missing analysts' consensus estimates of $2.83 by ($0.14). The firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.85 EPS. On average, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on APD shares. Morgan Stanley started coverage on shares of Air Products and Chemicals in a research report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets lowered shares of Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. UBS Group decreased their price target on shares of Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Barclays decreased their price target on shares of Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $331.00.

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.