Janney Capital Management LLC Has $14.25 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Janney Capital Management LLC lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,323 shares of the basic materials company's stock after selling 2,738 shares during the period. Air Products and Chemicals makes up about 1.0% of Janney Capital Management LLC's investment portfolio, making the stock its 29th largest holding. Janney Capital Management LLC's holdings in Air Products and Chemicals were worth $14,251,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Parvin Asset Management LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at $715,000. Ritholtz Wealth Management boosted its holdings in shares of 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 during the period. Mantle Ridge LP purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth approximately $1,191,344,000. Proficio Capital Partners LLC acquired a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $246,000. Finally, Nicholson Wealth Management Group LLC lifted its position in shares of Air Products and Chemicals by 99.1% in the 4th quarter. Nicholson Wealth Management Group LLC now owns 5,213 shares of the basic materials company's stock valued at $1,512,000 after acquiring an additional 2,595 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

APD has been the topic of several recent analyst reports. Wells Fargo & Company cut 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. Royal Bank Of Canada assumed coverage on Air Products and Chemicals in a research report on Friday, June 13th. They set an "outperform" rating and a $355.00 price target on the stock. Citigroup decreased their price objective 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. Morgan Stanley assumed coverage on shares of Air Products and Chemicals in a research report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 target price for the company. Finally, UBS Group cut their price objective on Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $332.41.

Air Products and Chemicals Stock Performance

APD stock traded down $1.67 during midday trading on Friday, hitting $273.72. 395,416 shares of the company traded hands, compared to its average volume of 1,419,897. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The stock has a market capitalization of $60.91 billion, a price-to-earnings ratio of 39.78, a price-to-earnings-growth ratio of 5.28 and a beta of 0.86. 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 business has a 50 day simple moving average of $272.89 and a 200-day simple moving average of $292.85.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its earnings results 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 return on equity of 15.48% and a net margin of 12.76%. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm earned $2.85 EPS. The firm's revenue was down .5% on a year-over-year basis. As a group, equities research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Tuesday, July 1st will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Tuesday, July 1st. Air Products and Chemicals's dividend payout ratio (DPR) 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.