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

Choreo LLC lowered its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 14.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,868 shares of the basic materials company's stock after selling 2,771 shares during the period. Choreo LLC's holdings in Air Products and Chemicals were worth $4,680,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in Air Products and Chemicals in the first quarter valued at approximately $25,000. Citizens National Bank Trust Department boosted its position in Air Products and Chemicals by 833.3% in the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Sunbelt Securities Inc. boosted its position in Air Products and Chemicals by 525.9% in the 4th quarter. Sunbelt Securities Inc. now owns 169 shares of the basic materials company's stock worth $49,000 after purchasing an additional 142 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Air Products and Chemicals in the 4th quarter worth approximately $50,000. Finally, Physician Wealth Advisors Inc. purchased a new stake in Air Products and Chemicals in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

APD has been the topic of several recent research reports. Morgan Stanley initiated coverage on Air Products and Chemicals in a research report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price objective on the stock. 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. Mizuho upped their price objective on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Wells Fargo & Company upped their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Finally, Citigroup upped their target price on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $334.75.

Air Products and Chemicals Price Performance

NYSE APD traded up $2.02 during mid-day trading on Friday, hitting $299.24. The stock had a trading volume of 712,968 shares, compared to its average volume of 1,020,388. The firm's 50 day moving average is $283.27 and its 200 day moving average is $290.66. 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 debt-to-equity ratio of 0.85, a current ratio of 1.00 and a quick ratio of 0.85. The stock has a market capitalization of $66.59 billion, a price-to-earnings ratio of 43.49, a PEG ratio of 5.74 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted 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 firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the company posted $2.85 earnings per share. The firm's revenue for the quarter was down .5% compared to the same quarter last year. Equities research 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 business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's dividend payout ratio (DPR) is presently 104.07%.

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.