Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Goodman Advisory Group LLC

Goodman Advisory Group LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 96.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 536 shares of the basic materials company's stock after selling 14,407 shares during the quarter. Goodman Advisory Group LLC's holdings in Air Products and Chemicals were worth $146,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Parvin Asset Management LLC bought a new position in Air Products and Chemicals during the 4th quarter worth about $715,000. Ritholtz Wealth Management raised its stake in Air Products and Chemicals by 20.9% in the first quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock worth $473,000 after buying an additional 277 shares in the last quarter. Mantle Ridge LP purchased a new stake in Air Products and Chemicals during the fourth quarter worth $1,191,344,000. Proficio Capital Partners LLC bought a new stake in Air Products and Chemicals during the 4th quarter valued at $246,000. Finally, Allstate Corp purchased a new position in shares of Air Products and Chemicals in the 4th quarter valued at $1,917,000. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock traded up $4.79 on Wednesday, reaching $290.26. 1,111,640 shares of the stock were exchanged, compared to its average volume of 1,378,335. The business has a 50 day moving average price of $275.37 and a two-hundred day moving average price of $290.53. The firm has a market capitalization of $64.59 billion, a price-to-earnings ratio of 42.19, a PEG ratio of 5.41 and a beta of 0.85. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 0.85.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced 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 analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm posted $2.85 earnings per share. The business's revenue was down .5% on a year-over-year basis. Analysts anticipate 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. Investors 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 yield of 2.47%. The ex-dividend date is Tuesday, July 1st. Air Products and Chemicals's dividend payout ratio (DPR) is 104.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank Of Canada initiated coverage on Air Products and Chemicals in a research note on Friday, June 13th. They issued an "outperform" rating and a $355.00 target price on the stock. Citigroup increased their price objective on Air Products and Chemicals from $310.00 to $320.00 and gave the company a "buy" rating in a report on Monday. UBS Group dropped their target price on 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. Morgan Stanley started coverage on Air Products and Chemicals in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price target for the company. Finally, Wells Fargo & Company lowered their price target on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $330.94.

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.