Mendel Money Management Has $2.75 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Mendel Money Management lessened its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 43.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,311 shares of the basic materials company's stock after selling 7,168 shares during the period. Air Products and Chemicals makes up about 1.3% of Mendel Money Management's investment portfolio, making the stock its 24th biggest holding. Mendel Money Management's holdings in Air Products and Chemicals were worth $2,746,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Air Products and Chemicals in the first quarter valued at approximately $25,000. Citizens National Bank Trust Department raised its holdings in shares of Air Products and Chemicals by 833.3% during the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock worth $33,000 after acquiring an additional 100 shares during the period. Sunbelt Securities Inc. lifted 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 valued at $49,000 after acquiring an additional 142 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Air Products and Chemicals in the 4th quarter worth $50,000. Finally, Physician Wealth Advisors Inc. bought a new position in Air Products and Chemicals during the 4th quarter worth about $51,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Morgan Stanley initiated coverage on Air Products and Chemicals in a research report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price objective for the company. Wells Fargo & Company raised their price target on shares of 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. Citigroup boosted their price objective on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Mizuho raised their target price on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, UBS Group boosted their price target on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $334.75.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock traded up $2.02 during mid-day trading on Friday, hitting $299.24. 712,968 shares of the company's stock traded hands, compared to its average volume of 1,020,388. 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 firm has a 50 day simple moving average of $282.86 and a two-hundred day simple moving average of $290.54. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The stock has a market cap of $66.59 billion, a price-to-earnings ratio of 43.49, a P/E/G ratio of 5.70 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported $2.69 earnings per share (EPS) 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 company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the business posted $2.85 EPS. The business's quarterly revenue was down .5% compared to the same quarter last year. On average, research 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 company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals's payout ratio is 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.