Sigma Planning Corp Sells 2,889 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Sigma Planning Corp trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 36.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,118 shares of the basic materials company's stock after selling 2,889 shares during the period. Sigma Planning Corp's holdings in Air Products and Chemicals were worth $1,509,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in Air Products and Chemicals during the first quarter worth $25,000. Generali Investments Management Co LLC bought a new position in Air Products and Chemicals in the 4th quarter valued at $26,000. Citizens National Bank Trust Department increased its position in shares of 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 valued at $33,000 after purchasing an additional 100 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth $44,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of 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 worth $49,000 after buying an additional 142 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APD. Citigroup raised 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 report on Monday, June 30th. Royal Bank Of Canada initiated coverage on Air Products and Chemicals in a research report on Friday, June 13th. They set an "outperform" rating and a $355.00 price target on the stock. Morgan Stanley began coverage on Air Products and Chemicals in a report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price objective for the company. Wells Fargo & Company boosted their price objective on Air Products and Chemicals from $320.00 to $345.00 and gave the company an "overweight" rating in a research note on Monday. Finally, UBS Group increased their target price 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, five have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $331.53.

Air Products and Chemicals Stock Down 1.4%

Shares of Air Products and Chemicals stock opened at $286.73 on Wednesday. The company has a market cap of $63.81 billion, a price-to-earnings ratio of 41.68, a price-to-earnings-growth ratio of 5.58 and a beta of 0.85. The company's 50 day moving average is $279.56 and its 200 day moving average is $290.15. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 0.85.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings results 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 business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the business posted $2.85 earnings per share. The firm's revenue was down .5% on a year-over-year basis. Research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Tuesday, July 1st will be paid a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.50%. Air Products and Chemicals's dividend payout ratio (DPR) is presently 104.07%.

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.

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