Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Dover Advisors LLC

Dover Advisors LLC lifted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 29.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,945 shares of the basic materials company’s stock after acquiring an additional 1,123 shares during the period. Dover Advisors LLC’s holdings in Air Products and Chemicals were worth $1,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Generali Investments Management Co LLC purchased a new stake in shares of Air Products and Chemicals during the fourth quarter worth $26,000. Sierra Ocean LLC acquired a new position in Air Products and Chemicals during the fourth quarter worth about $30,000. WR Wealth Planners LLC grew its stake in Air Products and Chemicals by 40.3% during the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 31 shares in the last quarter. Financial Perspectives Inc raised its holdings in Air Products and Chemicals by 33.3% in the 4th quarter. Financial Perspectives Inc now owns 140 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 35 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in Air Products and Chemicals in the 4th quarter worth approximately $44,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on APD. Wells Fargo & Company dropped their price target on Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. UBS Group dropped their target price on Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Bank of America downgraded Air Products and Chemicals from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $330.00 to $282.00 in a research note on Tuesday, April 15th. Royal Bank of Canada began coverage on Air Products and Chemicals in a research note on Friday. They issued an “outperform” rating and a $355.00 target price for the company. Finally, Citigroup cut their target price on Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $332.41.

Air Products and Chemicals Stock Down 1.2%

Shares of NYSE:APD opened at $280.02 on Friday. The business has a 50-day moving average price of $271.69 and a 200 day moving average price of $294.43. 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 $62.32 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 3.07 and a beta of 0.86. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $2.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.14). The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.94 billion. Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.85 earnings per share. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Tuesday, July 1st will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Tuesday, July 1st. Air Products and Chemicals’s payout ratio is 104.07%.

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.