Roffman Miller Associates Inc. PA Decreases Position in Air Products and Chemicals, Inc. (NYSE:APD)

Roffman Miller Associates Inc. PA decreased its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,860 shares of the basic materials company's stock after selling 3,066 shares during the period. Roffman Miller Associates Inc. PA's holdings in Air Products and Chemicals were worth $18,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in APD. Baker Avenue Asset Management LP raised its stake in shares of Air Products and Chemicals by 2.3% in the 4th quarter. Baker Avenue Asset Management LP now owns 1,540 shares of the basic materials company's stock valued at $447,000 after acquiring an additional 34 shares during the period. Cyrus J. Lawrence LLC lifted its stake in Air Products and Chemicals by 1.0% during the fourth quarter. Cyrus J. Lawrence LLC now owns 3,597 shares of the basic materials company's stock worth $1,043,000 after purchasing an additional 37 shares in the last quarter. CFO4Life Group LLC boosted its position in shares of Air Products and Chemicals by 3.9% during the fourth quarter. CFO4Life Group LLC now owns 1,022 shares of the basic materials company's stock worth $297,000 after buying an additional 38 shares during the period. West Branch Capital LLC grew its stake in shares of Air Products and Chemicals by 10.2% in the first quarter. West Branch Capital LLC now owns 421 shares of the basic materials company's stock valued at $124,000 after buying an additional 39 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its holdings in shares of Air Products and Chemicals by 1.6% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 2,499 shares of the basic materials company's stock valued at $737,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Stock Performance

NYSE APD traded down $2.57 during trading hours on Monday, hitting $289.27. 979,730 shares of the stock were exchanged, compared to its average volume of 1,370,588. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 0.85. The company has a market cap of $64.37 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 5.60 and a beta of 0.85. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14. The stock has a 50-day moving average of $276.82 and a 200 day moving average of $290.28.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued 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 business had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period last year, the company posted $2.85 earnings per share. The business's quarterly revenue was down .5% on a year-over-year basis. As a group, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Tuesday, July 1st will be paid a $1.79 dividend. This represents a $7.16 annualized dividend 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 (DPR) is 104.07%.

Analysts Set New Price Targets

Several research firms have weighed in on APD. UBS Group dropped their target price 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. Barclays reduced 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. Citigroup boosted their target price on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Wells Fargo & Company reduced their price target on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, Bank of America downgraded 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 report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $330.94.

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.