Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 2.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 263,203 shares of the basic materials company's stock after selling 6,505 shares during the period. Boston Trust Walden Corp owned approximately 0.12% of Air Products and Chemicals worth $77,624,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of APD. Generali Investments Management Co LLC purchased a new position in Air Products and Chemicals during the 4th quarter worth approximately $26,000. Sierra Ocean LLC purchased a new stake in shares of Air Products and Chemicals in the 4th quarter valued at $30,000. WR Wealth Planners LLC increased its stake in shares of Air Products and Chemicals by 40.3% in the fourth quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock worth $31,000 after acquiring an additional 31 shares during the period. Financial Perspectives Inc raised its holdings in shares of Air Products and Chemicals by 33.3% during the fourth quarter. Financial Perspectives Inc now owns 140 shares of the basic materials company's stock worth $41,000 after purchasing an additional 35 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in Air Products and Chemicals during the fourth quarter valued at $44,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

APD traded down $1.44 during midday trading on Friday, hitting $273.94. 420,780 shares of the company traded hands, compared to its average volume of 1,419,991. The business has a 50 day simple moving average of $272.89 and a two-hundred day simple moving average of $292.85. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The company has a market capitalization of $60.96 billion, a price-to-earnings ratio of 39.80, a PEG ratio of 5.28 and a beta of 0.86. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 0.85.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $2.69 earnings per share for the quarter, missing the consensus estimate 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 last year, the company earned $2.85 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. On average, equities 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 company also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Tuesday, July 1st will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Tuesday, July 1st. Air Products and Chemicals's payout ratio is 104.07%.

Analyst Ratings Changes

APD has been the topic of several analyst reports. Barclays cut their price target on 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. Royal Bank Of Canada started coverage on Air Products and Chemicals in a report on Friday, June 13th. They set an "outperform" rating and a $355.00 target price on the stock. Morgan Stanley assumed coverage on Air Products and Chemicals in a research report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price target for the company. Bank of America lowered Air Products and Chemicals from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $330.00 to $282.00 in a research report on Tuesday, April 15th. Finally, Citigroup dropped their price objective on shares of Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.