Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Mycio Wealth Partners LLC

Key Points

• Mycio Wealth Partners LLC significantly increased its position in Air Products and Chemicals, acquiring an additional 6,507 shares, resulting in an 80.3% increase and making it the firm's 12th largest holding.
• Air Products and Chemicals recently missed earnings estimates with an EPS of $2.69, below the expected $2.83, and reported a slight revenue decline of 0.5% year-over-year.
• The company announced a quarterly dividend of $1.79 per share, which is scheduled for payment on November 10th, representing an annualized dividend yield of 2.42%.

Mycio Wealth Partners LLC boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 80.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,606 shares of the basic materials company's stock after acquiring an additional 6,507 shares during the quarter. Air Products and Chemicals comprises 1.0% of Mycio Wealth Partners LLC's holdings, making the stock its 12th largest holding. Mycio Wealth Partners LLC's holdings in Air Products and Chemicals were worth $4,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in Air Products and Chemicals during the 1st quarter worth about $25,000. Citizens National Bank Trust Department increased its position 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 purchasing an additional 100 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Air Products and Chemicals by 525.9% during 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 in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth about $50,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

APD stock traded down $5.45 on Friday, reaching $282.43. The company had a trading volume of 659,923 shares, compared to its average volume of 1,340,226. 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 debt-to-equity ratio of 0.85, a quick ratio of 0.85 and a current ratio of 1.00. The company's fifty day moving average is $284.81 and its 200 day moving average is $290.65. The company has a market cap of $62.85 billion, a P/E ratio of 41.06, a PEG ratio of 5.57 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.48% and a net margin of 12.76%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the prior year, the company earned $3.20 EPS. Air Products and Chemicals's revenue was up 1.2% on a year-over-year basis. On average, research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be issued a $1.79 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 annualized dividend and a yield of 2.5%. Air Products and Chemicals's payout ratio is 104.07%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup lifted their target price on 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. Royal Bank Of Canada assumed coverage on Air Products and Chemicals in a research report on Friday, June 13th. They issued an "outperform" rating and a $355.00 price target on the stock. Morgan Stanley assumed coverage on Air Products and Chemicals in a research report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price target on the stock. Barclays dropped their price target on Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, Wells Fargo & Company boosted their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $334.75.

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.