Compass Wealth Management LLC Has $8.60 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Compass Wealth Management LLC cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,143 shares of the basic materials company’s stock after selling 376 shares during the quarter. Air Products and Chemicals makes up approximately 2.2% of Compass Wealth Management LLC’s holdings, making the stock its 4th biggest position. Compass Wealth Management LLC’s holdings in Air Products and Chemicals were worth $8,595,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Baker Avenue Asset Management LP raised its stake in Air Products and Chemicals by 2.3% in the fourth quarter. Baker Avenue Asset Management LP now owns 1,540 shares of the basic materials company’s stock valued at $447,000 after buying an additional 34 shares during the last quarter. Cyrus J. Lawrence LLC raised its stake in Air Products and Chemicals by 1.0% in the fourth quarter. Cyrus J. Lawrence LLC now owns 3,597 shares of the basic materials company’s stock valued at $1,043,000 after buying an additional 37 shares during the last quarter. CFO4Life Group LLC raised its stake in Air Products and Chemicals by 3.9% in the fourth quarter. CFO4Life Group LLC now owns 1,022 shares of the basic materials company’s stock valued at $297,000 after buying an additional 38 shares during the last quarter. West Branch Capital LLC raised its stake in shares of Air Products and Chemicals by 10.2% in the first quarter. West Branch Capital LLC now owns 421 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 39 shares during the last quarter. Finally, Aviance Capital Partners LLC raised its stake in shares of Air Products and Chemicals by 1.2% in the fourth quarter. Aviance Capital Partners LLC now owns 3,490 shares of the basic materials company’s stock worth $1,012,000 after purchasing an additional 40 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Up 0.5%

Shares of APD opened at $291.84 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 0.85. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The stock’s 50 day moving average is $276.82 and its two-hundred day moving average is $290.30. The firm has a market cap of $64.95 billion, a P/E ratio of 42.42, a PEG ratio of 5.60 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $2.69 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.14). The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.94 billion. Air Products and Chemicals had a net margin of 12.76% and a return on equity of 15.48%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $2.85 earnings per share. Analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Tuesday, July 1st will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Tuesday, July 1st. Air Products and Chemicals’s dividend payout ratio is presently 104.07%.

Analysts Set New Price Targets

APD has been the subject of several research analyst reports. Citigroup raised their price objective on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. UBS Group reduced their price objective on Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Bank of America cut Air Products and Chemicals from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $330.00 to $282.00 in a research note on Tuesday, April 15th. Barclays reduced their price objective on Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Finally, Wells Fargo & Company reduced their price objective on Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $330.94.

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.