Inscription Capital LLC Makes New $490,000 Investment in Air Products and Chemicals, Inc. (NYSE:APD)

Inscription Capital LLC purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,662 shares of the basic materials company's stock, valued at approximately $490,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on APD shares. Citigroup reduced their target price on Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. UBS Group reduced their price objective on shares of Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company lowered their target price on shares of Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Barclays cut their price target on shares of Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Bank of America cut shares of Air Products and Chemicals from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $330.00 to $282.00 in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $332.41.

Air Products and Chemicals Trading Down 1.2%

Shares of APD stock opened at $277.19 on Wednesday. The business has a 50-day moving average price of $272.51 and a two-hundred day moving average price of $293.39. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-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. The firm has a market cap of $61.69 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 5.38 and a beta of 0.86.

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 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the prior year, the business posted $2.85 earnings per share. The business's quarterly revenue was down .5% on a year-over-year basis. Equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm 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 dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, July 1st. Air Products and Chemicals's dividend payout ratio is currently 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.

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