Signaturefd LLC Has $879,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Signaturefd LLC reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,209 shares of the basic materials company’s stock after selling 91 shares during the quarter. Signaturefd LLC’s holdings in Air Products and Chemicals were worth $879,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Air Products and Chemicals in the fourth quarter worth $27,000. Rakuten Securities Inc. bought a new position in Air Products and Chemicals during the fourth quarter valued at approximately $33,000. Legacy Bridge LLC bought a new stake in Air Products and Chemicals in the fourth quarter worth approximately $35,000. FinTrust Capital Advisors LLC increased its stake in shares of Air Products and Chemicals by 40.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 38 shares during the last quarter. Finally, Artemis Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals during the 3rd quarter valued at $39,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on APD. TheStreet downgraded Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. Argus downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. JPMorgan Chase & Co. cut their target price on shares of Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. TD Cowen reduced their price target on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. Finally, Citigroup raised their price objective on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $276.36.

Air Products and Chemicals Stock Performance

NYSE APD opened at $234.37 on Tuesday. The firm’s fifty day moving average price is $236.12 and its two-hundred day moving average price is $256.79. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $307.71. The firm has a market capitalization of $52.10 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 2.55 and a beta of 0.81. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the business posted $2.64 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.38 EPS for the current year.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be given a $1.77 dividend. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.75. The ex-dividend date is Thursday, March 28th. This represents a $7.08 annualized dividend and a dividend yield of 3.02%. Air Products and Chemicals’s dividend payout ratio is presently 67.56%.

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.