Edmond DE Rothschild Holding S.A. Decreases Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Edmond DE Rothschild Holding S.A. reduced its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 69.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 414 shares of the basic materials company’s stock after selling 927 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Air Products and Chemicals were worth $100,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth about $27,000. Roble Belko & Company Inc purchased a new stake in Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Sachetta LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Security National Bank purchased a new position in shares of Air Products and Chemicals during the fourth quarter worth approximately $27,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE APD traded up $2.94 during mid-day trading on Wednesday, hitting $270.47. The stock had a trading volume of 707,516 shares, compared to its average volume of 1,747,478. The company has a 50 day simple moving average of $264.15 and a 200 day simple moving average of $250.43. The company has a market cap of $60.13 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 2.87 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $307.71. The company has a quick ratio of 1.31, a current ratio of 1.49 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the business posted $2.74 earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities analysts forecast that Air Products and Chemicals, Inc. will post 12.28 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $7.08 annualized dividend and a dividend yield of 2.62%. Air Products and Chemicals’s dividend payout ratio is presently 63.90%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on APD. TD Cowen raised their price objective on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Air Products and Chemicals from $260.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Mizuho decreased their price objective on Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Bank of America boosted their target price on Air Products and Chemicals from $275.00 to $312.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, UBS Group increased their price target on Air Products and Chemicals from $257.00 to $268.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $291.43.

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.