Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Grandview Asset Management LLC

Grandview Asset Management LLC raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 5.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 913 shares of the basic materials company’s stock after acquiring an additional 50 shares during the quarter. Grandview Asset Management LLC’s holdings in Air Products and Chemicals were worth $269,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Generali Investments Management Co LLC purchased a new stake in Air Products and Chemicals during the fourth quarter worth approximately $26,000. Sierra Ocean LLC purchased a new stake in Air Products and Chemicals during the fourth quarter worth approximately $30,000. WR Wealth Planners LLC lifted its stake in Air Products and Chemicals by 40.3% during the fourth quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 31 shares during the last quarter. Financial Perspectives Inc lifted its stake in Air Products and Chemicals by 33.3% during the fourth quarter. Financial Perspectives Inc now owns 140 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 35 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in Air Products and Chemicals during the fourth quarter worth approximately $44,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on APD shares. Citigroup decreased their target price on Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Morgan Stanley started coverage on Air Products and Chemicals in a research note on Thursday, May 29th. They set an “equal weight” rating and a $290.00 price target for the company. UBS Group dropped their price objective on Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Royal Bank Of Canada started coverage on Air Products and Chemicals in a report on Friday, June 13th. They set an “outperform” rating and a $355.00 price objective on the stock. Finally, Bank of America lowered Air Products and Chemicals from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $330.00 to $282.00 in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $332.41.

Air Products and Chemicals Stock Down 1.2%

APD opened at $277.19 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 0.85. The firm has a market cap of $61.69 billion, a P/E ratio of 40.29, a PEG ratio of 5.38 and a beta of 0.86. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The business’s fifty day simple moving average is $272.51 and its 200 day simple moving average is $293.39.

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

Air Products and Chemicals Announces Dividend

The firm 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 of this dividend is Tuesday, July 1st. This represents a $7.16 annualized dividend and a yield of 2.58%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 104.07%.

About Air Products and Chemicals

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.