Heartwood Wealth Advisors LLC Trims Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Heartwood Wealth Advisors LLC lessened its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 37.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 800 shares of the basic materials company’s stock after selling 471 shares during the quarter. Heartwood Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors raised its position in shares of Air Products and Chemicals by 62.3% in the first quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock valued at $2,720,704,000 after buying an additional 4,309,040 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Air Products and Chemicals by 4.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock worth $790,371,000 after acquiring an additional 122,676 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Air Products and Chemicals by 127.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after acquiring an additional 1,564,169 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Air Products and Chemicals by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,034,818 shares of the basic materials company’s stock worth $525,085,000 after purchasing an additional 5,140 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of Air Products and Chemicals by 25.2% during the second quarter. Clearbridge Investments LLC now owns 1,936,582 shares of the basic materials company’s stock worth $499,735,000 after purchasing an additional 389,380 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $305.00 to $365.00 in a research note on Monday. The Goldman Sachs Group raised their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Citigroup upped their price target on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus price target of $309.18.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $312.71 on Tuesday. The business’s 50-day simple moving average is $280.67 and its 200 day simple moving average is $263.24. The company has a market cap of $69.52 billion, a P/E ratio of 28.22, a PEG ratio of 3.89 and a beta of 0.82. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $313.00.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. On average, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be given a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. Air Products and Chemicals’s payout ratio is currently 63.90%.

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.