Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Diversified Trust Co

Diversified Trust Co cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,981 shares of the basic materials company’s stock after selling 145 shares during the quarter. Diversified Trust Co’s holdings in Air Products and Chemicals were worth $722,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Eos Management L.P. lifted its position in shares of Air Products and Chemicals by 26.2% during the 4th quarter. Eos Management L.P. now owns 27,558 shares of the basic materials company’s stock valued at $7,545,000 after acquiring an additional 5,727 shares during the period. Roffman Miller Associates Inc. PA raised its holdings in Air Products and Chemicals by 3.6% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 65,192 shares of the basic materials company’s stock worth $17,850,000 after purchasing an additional 2,285 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in Air Products and Chemicals during the fourth quarter worth $1,177,000. Zenyatta Capital Management LP grew its holdings in Air Products and Chemicals by 46.7% in the fourth quarter. Zenyatta Capital Management LP now owns 22,000 shares of the basic materials company’s stock valued at $6,024,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Bristol John W & Co. Inc. NY increased its position in shares of Air Products and Chemicals by 37.6% in the fourth quarter. Bristol John W & Co. Inc. NY now owns 388,474 shares of the basic materials company’s stock valued at $106,364,000 after buying an additional 106,054 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 1.4 %

Shares of APD opened at $250.92 on Wednesday. The firm has a market cap of $55.78 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 2.80 and a beta of 0.81. The company has a quick ratio of 1.31, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The company’s fifty day moving average is $259.98 and its two-hundred day moving average is $251.54. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.74 earnings per share. Analysts forecast that Air Products and Chemicals, Inc. will post 12.3 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $7.08 annualized dividend and a yield of 2.82%. Air Products and Chemicals’s payout ratio is 63.90%.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of research reports. BMO Capital Markets increased their price objective on shares of Air Products and Chemicals from $276.00 to $294.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Citigroup cut their price objective on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Barclays increased their target price on Air Products and Chemicals from $245.00 to $290.00 and gave the company an “equal weight” rating in a report on Monday, June 10th. JPMorgan Chase & Co. cut their price target on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Finally, TD Cowen increased their price objective on Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Hold” and an average price target of $287.29.

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.