2,087 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Acquired by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC bought a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,087 shares of the basic materials company's stock, valued at approximately $615,000.

Other institutional investors have also recently bought and sold shares of the company. Parvin Asset Management LLC bought a new position in Air Products and Chemicals in the 4th quarter worth $715,000. Ritholtz Wealth Management raised its holdings in Air Products and Chemicals by 20.9% in the 1st quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock worth $473,000 after acquiring an additional 277 shares during the period. Mantle Ridge LP acquired a new stake in Air Products and Chemicals in the 4th quarter worth $1,191,344,000. Proficio Capital Partners LLC acquired a new stake in Air Products and Chemicals in the 4th quarter worth $246,000. Finally, Allstate Corp acquired a new stake in Air Products and Chemicals in the 4th quarter worth $1,917,000. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of APD stock traded down $0.32 during trading hours on Friday, reaching $282.68. 2,433,303 shares of the company were exchanged, compared to its average volume of 1,382,381. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The stock's fifty day moving average is $274.48 and its two-hundred day moving average is $290.92. The company has a market cap of $62.91 billion, a price-to-earnings ratio of 41.09, a P/E/G ratio of 5.42 and a beta of 0.86. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.00 and a quick ratio of 0.85.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced 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). Air Products and Chemicals had a return on equity of 15.48% and a net margin of 12.76%. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. Air Products and Chemicals's revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts forecast 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 business also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Tuesday, July 1st will be given a dividend of $1.79 per share. The ex-dividend date is Tuesday, July 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.53%. Air Products and Chemicals's payout ratio is 104.07%.

Wall Street Analyst Weigh In

APD has been the topic of several research analyst reports. Citigroup decreased their price target on shares of Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. 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 report on Friday, May 2nd. Morgan Stanley initiated 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 price target on the stock. 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 report on Friday, May 2nd. Finally, Wells Fargo & Company decreased 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $332.41.

About Air Products and Chemicals

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.