Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Tiller Private Wealth Inc.

Tiller Private Wealth Inc. decreased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,072 shares of the basic materials company's stock after selling 3,790 shares during the quarter. Air Products and Chemicals makes up 7.8% of Tiller Private Wealth Inc.'s portfolio, making the stock its 5th largest position. Tiller Private Wealth Inc.'s holdings in Air Products and Chemicals were worth $15,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Peterson Wealth Services raised its holdings in shares of Air Products and Chemicals by 10.5% in the 4th quarter. Peterson Wealth Services now owns 4,634 shares of the basic materials company's stock valued at $1,269,000 after purchasing an additional 442 shares in the last quarter. HF Advisory Group LLC raised its holdings in shares of Air Products and Chemicals by 24.4% in the 4th quarter. HF Advisory Group LLC now owns 2,643 shares of the basic materials company's stock valued at $724,000 after purchasing an additional 518 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Air Products and Chemicals by 50.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 663 shares of the basic materials company's stock valued at $183,000 after purchasing an additional 221 shares in the last quarter. Telos Capital Management Inc. bought a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $1,031,000. Finally, AM Squared Ltd raised its holdings in shares of Air Products and Chemicals by 33.3% in the 4th quarter. AM Squared Ltd now owns 400 shares of the basic materials company's stock valued at $110,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Performance

Shares of APD stock traded up $4.02 during trading hours on Thursday, hitting $233.03. The company's stock had a trading volume of 1,302,043 shares, compared to its average volume of 1,746,447. The company has a 50 day moving average of $235.64 and a 200 day moving average of $257.80. The stock has a market cap of $51.80 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.50 and a beta of 0.81. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $307.71.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The basic materials company reported $2.82 EPS 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 analysts' expectations of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The firm's revenue was down 5.6% on a year-over-year basis. During the same period last year, the company earned $2.64 earnings per share. On average, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.38 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be paid a $1.77 dividend. This is a boost from Air Products and Chemicals's previous quarterly dividend of $1.75. This represents a $7.08 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Thursday, March 28th. Air Products and Chemicals's payout ratio is currently 67.56%.

Analyst Ratings Changes

APD has been the subject of several recent research reports. UBS Group lowered shares of Air Products and Chemicals from a "buy" rating to a "neutral" rating and reduced their price target for the company from $328.00 to $241.00 in a report on Thursday, February 8th. Citigroup boosted their price objective on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. reduced their price objective on shares of Air Products and Chemicals from $295.00 to $270.00 and set an "overweight" rating for the company in a research note on Tuesday, February 6th. BMO Capital Markets reduced their price objective on shares of Air Products and Chemicals from $307.00 to $250.00 and set an "outperform" rating for the company in a research note on Tuesday, February 6th. Finally, Wolfe Research initiated coverage on shares of Air Products and Chemicals in a research note on Friday, March 1st. They set an "outperform" rating and a $279.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Air Products and Chemicals has a consensus rating of "Hold" and an average target price of $276.36.

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.