Revisor Wealth Management LLC Sells 264 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Revisor Wealth Management LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 26.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 746 shares of the basic materials company’s stock after selling 264 shares during the quarter. Revisor Wealth Management LLC’s holdings in Air Products and Chemicals were worth $218,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of APD. Parvin Asset Management LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter valued at approximately $715,000. SG Americas Securities LLC grew its holdings in shares of Air Products and Chemicals by 106.3% during the 4th quarter. SG Americas Securities LLC now owns 13,494 shares of the basic materials company’s stock valued at $3,914,000 after purchasing an additional 6,952 shares during the last quarter. Kestra Investment Management LLC grew its holdings in shares of Air Products and Chemicals by 44.2% during the 4th 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 last quarter. Tran Capital Management L.P. bought a new stake in shares of Air Products and Chemicals during the 4th quarter valued at approximately $8,499,000. Finally, Root Financial Partners LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter valued at approximately $267,000. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Up 0.3%

Shares of NYSE APD opened at $270.03 on Friday. The company has a market capitalization of $60.09 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 3.07 and a beta of 0.88. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. The company’s 50 day moving average price is $273.90 and its 200-day moving average price is $298.85.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results 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 firm had revenue of $2.92 billion during 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% on a year-over-year basis. During the same quarter last year, the firm posted $2.85 EPS. Equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business 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 dividend of $1.79 per share. The ex-dividend date is Tuesday, July 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.65%. Air Products and Chemicals’s payout ratio is presently 104.07%.

Insider Activity at Air Products and Chemicals

In related news, VP Walter L. Nelson sold 589 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total transaction of $181,706.50. Following the transaction, the vice president now owns 719 shares in the company, valued at $221,811.50. The trade was a 45.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Sanford C. Bernstein upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price on the stock in a research report on Friday, January 31st. BMO Capital Markets downgraded shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th. BNP Paribas upgraded shares of Air Products and Chemicals to a “strong-buy” rating in a research report on Tuesday, February 11th. Wells Fargo & Company cut their target price on shares of Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Finally, Barclays cut their target price on shares of Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $330.38.

Air Products and Chemicals Company 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.