Olistico Wealth LLC Lowers Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Olistico Wealth LLC lowered its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 74.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 300 shares of the basic materials company's stock after selling 890 shares during the quarter. Olistico Wealth LLC's holdings in Air Products and Chemicals were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in Air Products and Chemicals during the 1st quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new stake in shares of Air Products and Chemicals during the fourth quarter worth approximately $26,000. Citizens National Bank Trust Department raised its position in Air Products and Chemicals by 833.3% during the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company's stock worth $33,000 after buying an additional 100 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in Air Products and Chemicals during the 4th quarter worth $44,000. Finally, Sunbelt Securities Inc. raised its position in Air Products and Chemicals by 525.9% during the 4th quarter. Sunbelt Securities Inc. now owns 169 shares of the basic materials company's stock worth $49,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Wall Street Analyst Weigh In

APD has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Barclays cut their target price on Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Bank of America downgraded 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 research note on Tuesday, April 15th. 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 research report on Friday, May 2nd. Finally, 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 objective for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and an average target price of $330.94.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock traded down $2.57 during midday trading on Monday, reaching $289.27. 979,730 shares of the company were exchanged, compared to its average volume of 1,370,588. The company has a market capitalization of $64.37 billion, a price-to-earnings ratio of 42.05, a P/E/G ratio of 5.60 and a beta of 0.85. The firm's 50-day simple moving average is $276.82 and its 200-day simple moving average is $290.28. 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.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $2.69 EPS for the quarter, missing analysts' consensus estimates of $2.83 by ($0.14). The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.94 billion. Air Products and Chemicals had a return on equity of 15.48% and a net margin of 12.76%. The business's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.85 earnings per share. On average, analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Tuesday, July 1st will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Tuesday, July 1st. Air Products and Chemicals's dividend payout ratio 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.