Morton Brown Family Wealth LLC Sells 2,552 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Morton Brown Family Wealth LLC reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 88.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341 shares of the basic materials company's stock after selling 2,552 shares during the period. Morton Brown Family Wealth LLC's holdings in Air Products and Chemicals were worth $101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Generali Investments Management Co LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth $26,000. WR Wealth Planners LLC lifted its position in Air Products and Chemicals by 40.3% during the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock worth $31,000 after acquiring an additional 31 shares during the last quarter. Citizens National Bank Trust Department boosted its holdings in 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 valued at $33,000 after acquiring an additional 100 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $44,000. Finally, Sunbelt Securities Inc. increased its stake 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 period. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Stock Down 0.1%

NYSE APD opened at $282.68 on Monday. The stock's 50 day moving average is $274.48 and its two-hundred day moving average is $290.78. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $62.91 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 5.42 and a beta of 0.86. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the company posted $2.85 earnings per share. Air Products and Chemicals's quarterly revenue was down .5% compared to the same quarter last year. Equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, July 1st. This represents a $7.16 annualized dividend and a yield of 2.53%. Air Products and Chemicals's dividend payout ratio (DPR) is 104.07%.

Wall Street Analyst Weigh In

APD has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price on 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. Bank of America downgraded shares of 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 note on Tuesday, April 15th. Morgan Stanley assumed coverage on shares of Air Products and Chemicals in a research report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 target price on the stock. UBS Group reduced their price target on shares of 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. Finally, Citigroup dropped their price objective on shares of Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $332.41.

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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