RFG Advisory LLC cut its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 1.2% during the 4th quarter, Holdings Channel reports. The firm owned 5,576 shares of the basic materials company’s stock after selling 65 shares during the quarter. RFG Advisory LLC’s holdings in Air Products & Chemicals were worth $1,310,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. NEXT Financial Group Inc raised its stake in shares of Air Products & Chemicals by 40.6% during the 4th quarter. NEXT Financial Group Inc now owns 2,164 shares of the basic materials company’s stock valued at $510,000 after purchasing an additional 625 shares during the period. TRH Financial LLC bought a new position in Air Products & Chemicals in the 4th quarter worth about $1,502,000. Wealthfront Advisers LLC boosted its stake in Air Products & Chemicals by 5.7% in the 4th quarter. Wealthfront Advisers LLC now owns 9,419 shares of the basic materials company’s stock worth $2,213,000 after purchasing an additional 506 shares during the period. KAMES CAPITAL plc grew its holdings in Air Products & Chemicals by 2.1% during the 4th quarter. KAMES CAPITAL plc now owns 162,029 shares of the basic materials company’s stock valued at $38,060,000 after buying an additional 3,303 shares in the last quarter. Finally, Keeler Thomas Management LLC grew its holdings in Air Products & Chemicals by 4.6% during the 4th quarter. Keeler Thomas Management LLC now owns 17,785 shares of the basic materials company’s stock valued at $4,179,000 after buying an additional 775 shares in the last quarter. 83.60% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE APD opened at $237.18 on Wednesday. The company has a current ratio of 2.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $232.85 and a 200-day moving average of $226.41. The firm has a market capitalization of $52.26 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 2.03 and a beta of 0.85. Air Products & Chemicals, Inc. has a 12 month low of $154.78 and a 12 month high of $241.90.
Air Products & Chemicals (NYSE:APD) last announced its earnings results on Thursday, November 7th. The basic materials company reported $2.27 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.02). Air Products & Chemicals had a net margin of 19.73% and a return on equity of 15.88%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the prior year, the business earned $2.00 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts predict that Air Products & Chemicals, Inc. will post 9.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Tuesday, December 31st. Air Products & Chemicals’s payout ratio is 56.52%.
A number of equities research analysts have recently issued reports on APD shares. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating and set a $243.00 price target on the stock. in a report on Friday, January 3rd. Deutsche Bank raised their price objective on shares of Air Products & Chemicals from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 8th. They noted that the move was a valuation call. Berenberg Bank initiated coverage on shares of Air Products & Chemicals in a research note on Tuesday, November 26th. They set a “hold” rating and a $241.00 price objective for the company. Wells Fargo & Co started coverage on shares of Air Products & Chemicals in a report on Tuesday, October 15th. They set a “market perform” rating and a $240.00 target price on the stock. Finally, Atlantic Securities began coverage on shares of Air Products & Chemicals in a research note on Monday, November 18th. They issued a “neutral” rating and a $250.00 target price on the stock. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $240.76.
Air Products & Chemicals Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.
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