Graves Light Lenhart Wealth Inc. Lowers Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Graves Light Lenhart Wealth Inc. cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 88.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,701 shares of the basic materials company's stock after selling 13,444 shares during the period. Graves Light Lenhart Wealth Inc.'s holdings in Air Products and Chemicals were worth $502,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of APD. First Horizon Advisors Inc. raised its position in shares of Air Products and Chemicals by 1.8% in the 4th quarter. First Horizon Advisors Inc. now owns 1,742 shares of the basic materials company's stock worth $505,000 after acquiring an additional 31 shares in the last quarter. Lake Street Advisors Group LLC raised its position in shares of Air Products and Chemicals by 1.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,028 shares of the basic materials company's stock worth $588,000 after acquiring an additional 31 shares in the last quarter. WR Wealth Planners LLC raised its position in shares of Air Products and Chemicals by 40.3% in the 4th 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 in the last quarter. Silver Oak Securities Incorporated raised its position in shares of Air Products and Chemicals by 1.1% in the 4th quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company's stock worth $888,000 after acquiring an additional 32 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of Air Products and Chemicals by 3.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 974 shares of the basic materials company's stock worth $282,000 after acquiring an additional 33 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock traded down $1.32 during trading hours on Thursday, hitting $278.89. 473,807 shares of the stock traded hands, compared to its average volume of 1,441,157. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96. The firm's 50 day moving average price is $271.14 and its 200-day moving average price is $296.84. The stock has a market capitalization of $62.07 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 3.07 and a beta of 0.88. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year 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 for the quarter, missing the consensus estimate of $2.83 by ($0.14). The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.94 billion. Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. The firm's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 EPS. As a group, equities analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

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 paid a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.57%. Air Products and Chemicals's payout ratio is 104.07%.

Analyst Ratings Changes

APD has been the subject of several recent research reports. Citigroup reduced their price target on Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Bank of America lowered Air Products and Chemicals from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $330.00 to $282.00 in a research report on Tuesday, April 15th. UBS Group reduced 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 report on Friday, May 2nd. BNP Paribas raised Air Products and Chemicals to a "strong-buy" rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets lowered Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Air Products and Chemicals has an average rating of "Moderate Buy" and a consensus price target of $331.00.

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.