Jmac Enterprises LLC Sells 3,938 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Jmac Enterprises LLC reduced its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 57.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,900 shares of the basic materials company's stock after selling 3,938 shares during the period. Jmac Enterprises LLC's holdings in Air Products and Chemicals were worth $855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Generali Investments Management Co LLC bought a new position in Air Products and Chemicals during the fourth quarter valued at approximately $26,000. WR Wealth Planners LLC grew its position in Air Products and Chemicals by 40.3% during the fourth quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 31 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Air Products and Chemicals during the fourth quarter valued at approximately $44,000. Sunbelt Securities Inc. grew its holdings in shares of Air Products and Chemicals by 525.9% in the fourth quarter. Sunbelt Securities Inc. now owns 169 shares of the basic materials company's stock worth $49,000 after purchasing an additional 142 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter worth approximately $50,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Down 1.6%

NYSE:APD opened at $270.98 on Monday. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14. The company has a market capitalization of $60.30 billion, a PE ratio of 39.39, a P/E/G ratio of 5.19 and a beta of 0.86. The firm's 50-day moving average price is $272.94 and its 200-day moving average price is $291.99. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.00 and a quick ratio of 0.85.

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). Air Products and Chemicals had a return on equity of 15.48% and a net margin of 12.76%. The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the previous year, the company earned $2.85 EPS. The business's quarterly revenue was down .5% on a year-over-year basis. On average, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Tuesday, July 1st will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Tuesday, July 1st. Air Products and Chemicals's dividend payout ratio (DPR) is 104.07%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on APD. UBS Group cut their target price on shares of Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Bank of America cut shares of Air Products and Chemicals from a "neutral" rating to an "underperform" rating and cut their target price for the stock from $330.00 to $282.00 in a report on Tuesday, April 15th. Barclays cut their target price on shares of Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Royal Bank Of Canada began coverage on shares of Air Products and Chemicals in a report on Friday, June 13th. They issued an "outperform" rating and a $355.00 target price on the stock. Finally, 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 report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of "Moderate Buy" and a consensus target price of $332.41.

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.

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