Diversify Wealth Management LLC Boosts Position in Air Products and Chemicals, Inc. (NYSE:APD)

Diversify Wealth Management LLC boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 25.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,140 shares of the basic materials company's stock after buying an additional 2,650 shares during the quarter. Diversify Wealth Management LLC's holdings in Air Products and Chemicals were worth $3,560,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Air Products and Chemicals by 14.5% in the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock worth $945,000 after purchasing an additional 412 shares during the period. Proficio Capital Partners LLC bought a new position in Air Products and Chemicals in the 4th quarter worth about $246,000. Independent Advisor Alliance boosted its stake in Air Products and Chemicals by 12.6% in the 4th quarter. Independent Advisor Alliance now owns 5,702 shares of the basic materials company's stock worth $1,654,000 after purchasing an additional 636 shares during the period. AGF Management Ltd. boosted its stake in Air Products and Chemicals by 53.5% in the 4th quarter. AGF Management Ltd. now owns 19,834 shares of the basic materials company's stock worth $5,753,000 after purchasing an additional 6,910 shares during the period. Finally, Moors & Cabot Inc. boosted its stake in Air Products and Chemicals by 0.9% in the 4th quarter. Moors & Cabot Inc. now owns 10,786 shares of the basic materials company's stock worth $3,128,000 after purchasing an additional 98 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

APD traded down $1.98 on Friday, reaching $292.13. 1,042,263 shares of the stock were exchanged, compared to its average volume of 1,360,700. The firm has a market capitalization of $65.01 billion, a PE ratio of 42.46, a PEG ratio of 5.64 and a beta of 0.85. The company's 50-day moving average price is $278.52 and its 200 day moving average price is $290.29. 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, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly 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 net margin of 12.76% and a return on equity of 15.48%. Air Products and Chemicals's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company earned $2.85 earnings per share. As a group, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Tuesday, July 1st. Air Products and Chemicals's payout ratio is 104.07%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays dropped their price target on Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Royal Bank Of Canada began coverage on Air Products and Chemicals in a research report on Friday, June 13th. They set an "outperform" rating and a $355.00 price objective for the company. Bank of America cut Air Products and Chemicals from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $330.00 to $282.00 in a research report on Tuesday, April 15th. Wells Fargo & Company cut their target price on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Finally, UBS Group increased their price target on Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Air Products and Chemicals has an average rating of "Moderate Buy" and a consensus price target of $332.12.

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.