Bowman & Co S.C. Purchases 398 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Bowman & Co S.C. increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,640 shares of the basic materials company’s stock after acquiring an additional 398 shares during the period. Bowman & Co S.C.’s holdings in Air Products and Chemicals were worth $1,960,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Parvin Asset Management LLC bought a new stake in shares of Air Products and Chemicals in the fourth quarter worth $715,000. Kestra Investment Management LLC grew its holdings in Air Products and Chemicals by 44.2% during the fourth quarter. Kestra Investment Management LLC now owns 4,804 shares of the basic materials company’s stock valued at $1,393,000 after purchasing an additional 1,473 shares during the period. Root Financial Partners LLC bought a new stake in Air Products and Chemicals during the fourth quarter valued at about $267,000. Oregon Pacific Wealth Management LLC bought a new stake in Air Products and Chemicals during the fourth quarter valued at about $335,000. Finally, Highview Capital Management LLC DE bought a new stake in Air Products and Chemicals during the fourth quarter valued at about $590,000. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling

In related news, VP Walter L. Nelson sold 589 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $308.50, for a total value of $181,706.50. Following the sale, the vice president now directly owns 719 shares in the company, valued at approximately $221,811.50. The trade was a 45.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is owned by company insiders.

Air Products and Chemicals Price Performance

NYSE:APD opened at $278.99 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $62.09 billion, a P/E ratio of 16.20, a P/E/G ratio of 3.07 and a beta of 0.88. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The business’s 50-day moving average is $271.94 and its 200 day moving average is $297.44.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, May 1st. The basic materials company reported $2.69 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.14). The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. Air Products and Chemicals’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.85 earnings per share. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Tuesday, July 1st will be given 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 2.57%. Air Products and Chemicals’s dividend payout ratio is currently 104.07%.

Wall Street Analysts Forecast Growth

APD has been the subject of several recent research reports. Wells Fargo & Company cut their price target on Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Wall Street Zen lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Morgan Stanley initiated coverage on Air Products and Chemicals in a report on Thursday. They set an “equal weight” rating and a $290.00 price target for the company. BNP Paribas raised Air Products and Chemicals to a “strong-buy” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets lowered Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average target price of $331.00.

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.