Fiduciary Financial Group LLC Purchases 72 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Fiduciary Financial Group LLC lifted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 7.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,053 shares of the basic materials company’s stock after acquiring an additional 72 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Air Products and Chemicals were worth $311,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Generali Investments Management Co LLC purchased a new stake in Air Products and Chemicals in the 4th quarter valued at about $26,000. Sierra Ocean LLC purchased a new stake in Air Products and Chemicals in the 4th quarter valued at about $30,000. WR Wealth Planners LLC boosted its position in Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock valued at $31,000 after buying an additional 31 shares during the period. Financial Perspectives Inc boosted its position 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 buying an additional 35 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in Air Products and Chemicals in the 4th quarter valued at about $44,000. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

APD has been the subject of several research reports. UBS Group lowered their price objective on shares of Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Barclays lowered their price objective on shares of Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Bank of America cut shares of Air Products and Chemicals from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $330.00 to $282.00 in a research report on Tuesday, April 15th. Morgan Stanley assumed coverage on shares of Air Products and Chemicals in a research report on Thursday, May 29th. They issued an “equal weight” rating and a $290.00 price target for the company. Finally, BNP Paribas raised shares of Air Products and Chemicals to a “strong-buy” rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.00.

Air Products and Chemicals Trading Up 0.7%

NYSE APD opened at $281.78 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The firm has a market cap of $62.71 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 3.07 and a beta of 0.86. The company has a 50 day moving average price of $270.17 and a 200 day moving average price of $295.25. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14.

Air Products and Chemicals (NYSE:APD) last posted 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 company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $2.85 EPS. As a group, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Tuesday, July 1st will be issued a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.54%. Air Products and Chemicals’s dividend payout ratio is currently 104.07%.

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.