Wolf Group Capital Advisors Buys New Shares in Air Products and Chemicals, Inc. (NYSE:APD)

Wolf Group Capital Advisors purchased a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,645 shares of the basic materials company's stock, valued at approximately $1,370,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Horizon Advisors Inc. raised its stake in shares of Air Products and Chemicals by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 1,742 shares of the basic materials company's stock valued at $505,000 after acquiring an additional 31 shares in the last quarter. Lake Street Advisors Group LLC raised its stake in shares of Air Products and Chemicals by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,028 shares of the basic materials company's stock valued at $588,000 after acquiring an additional 31 shares in the last quarter. WR Wealth Planners LLC raised its stake in shares of Air Products and Chemicals by 40.3% during the fourth quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 31 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Air Products and Chemicals by 3.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 974 shares of the basic materials company's stock valued at $282,000 after acquiring an additional 33 shares in the last quarter. Finally, Baker Avenue Asset Management LP raised its stake in shares of Air Products and Chemicals by 2.3% during 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 acquiring an additional 34 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Down 0.6%

Shares of APD traded down $1.73 during midday trading on Thursday, hitting $275.32. 718,779 shares of the company's stock traded hands, compared to its average volume of 1,423,922. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The firm's fifty day moving average is $272.61 and its 200-day moving average is $293.27. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $61.27 billion, a price-to-earnings ratio of 40.02, a price-to-earnings-growth ratio of 5.28 and a beta of 0.86.

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 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.14). Air Products and Chemicals had a net margin of 12.76% and a return on equity of 15.48%. The business had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the prior year, the company posted $2.85 EPS. The business's revenue for the quarter was down .5% on a year-over-year basis. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Tuesday, July 1st will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, July 1st. Air Products and Chemicals's payout ratio is 104.07%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on APD shares. UBS Group decreased their price target on shares of Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Bank of America downgraded shares of Air Products and Chemicals from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $330.00 to $282.00 in a research note on Tuesday, April 15th. Morgan Stanley initiated coverage on shares of Air Products and Chemicals in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price objective for the company. Barclays lowered their target price on Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Citigroup lowered their target price on Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $332.41.

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.