Phoenix Wealth Advisors Sells 4,057 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Phoenix Wealth Advisors lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 48.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,402 shares of the basic materials company's stock after selling 4,057 shares during the period. Phoenix Wealth Advisors' holdings in Air Products and Chemicals were worth $1,204,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Scissortail Wealth Management LLC raised its holdings in Air Products and Chemicals by 41.2% in the 4th quarter. Scissortail Wealth Management LLC now owns 17,929 shares of the basic materials company's stock valued at $4,682,000 after acquiring an additional 5,235 shares in the last quarter. Tyche Wealth Partners LLC bought a new position in Air Products and Chemicals in the 4th quarter valued at about $790,000. Arbor Trust Wealth Advisors LLC increased its holdings in Air Products and Chemicals by 5.9% in the 4th quarter. Arbor Trust Wealth Advisors LLC now owns 892 shares of the basic materials company's stock valued at $246,000 after buying an additional 50 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Air Products and Chemicals by 4.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,173 shares of the basic materials company's stock worth $23,320,000 after acquiring an additional 3,491 shares during the period. Finally, Everence Capital Management Inc. boosted its position in shares of Air Products and Chemicals by 14.6% during the 4th quarter. Everence Capital Management Inc. now owns 11,917 shares of the basic materials company's stock worth $3,263,000 after acquiring an additional 1,520 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analyst Weigh In

APD has been the topic of several research reports. UBS Group lowered shares of Air Products and Chemicals from a "buy" rating to a "neutral" rating and decreased their price target for the company from $328.00 to $241.00 in a report on Thursday, February 8th. Seaport Res Ptn downgraded shares of Air Products and Chemicals from a "buy" rating to a "neutral" rating in a research report on Tuesday, February 6th. Citigroup upped their price objective on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. Barclays lowered their target price on shares of Air Products and Chemicals from $260.00 to $245.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 6th. Finally, TD Cowen cut their price target on shares of Air Products and Chemicals from $345.00 to $305.00 and set an "outperform" rating on the stock in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $276.36.

Air Products and Chemicals Stock Up 0.6 %

APD traded up $1.32 during trading on Wednesday, hitting $229.08. 1,452,503 shares of the company's stock were exchanged, compared to its average volume of 1,752,453. The stock has a market cap of $50.92 billion, a P/E ratio of 21.73, a PEG ratio of 2.54 and a beta of 0.81. The business's 50 day moving average is $235.11 and its two-hundred day moving average is $258.18. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The company has a quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.74.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.18). The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. Air Products and Chemicals's revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.64 EPS. As a group, equities analysts expect that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be given a dividend of $1.77 per share. This is a positive change from Air Products and Chemicals's previous quarterly dividend of $1.75. This represents a $7.08 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Thursday, March 28th. Air Products and Chemicals's dividend payout ratio (DPR) is presently 67.56%.

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.