Air Products and Chemicals Inc. (APD)
Meridian Wealth Management LLC Lowers Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)
Meridian Wealth Management LLC cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 49.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,135 shares of the basic materials company’s stock after selling 1,095 shares during the quarter. Meridian Wealth Management LLC’s holdings in Air Products and Chemicals were worth $311,000 as of its most recent SEC filing. A number of other institutional investors have also added to or reduced their stakes in APD. Long Road Investment Counsel LLC raised its stake in Air Products and Chemicals by 3.1% in the 4th quarter. Long Road Investment Counsel LLC now owns 14,365 shares of the basic materials company’s stock valued at $3,673,000 after acquiring an additional 430 shares during the period. Nikko Asset Management Americas Inc. boosted its holdings in Air Products and Chemicals by 7.3% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 16,473 shares of the basic materials company’s stock valued at $4,510,000 after purchasing an additional 1,125 shares during the period. Fairhaven Wealth Management LLC grew its position in shares of Air Products and Chemicals by 13.6% during the 4th quarter. Fairhaven Wealth Management LLC now owns 9,134 shares of the basic materials company’s stock valued at $2,501,000 after purchasing an additional 1,096 shares in the last quarter. Addison Capital Co boosted its stake in Air Products and Chemicals by 6.3% during the fourth quarter. Addison Capital Co now owns 838 shares of the basic materials company’s stock valued at $229,000 after buying an additional 50 shares during the period. Finally, Inceptionr LLC raised its holdings in shares of Air Products and Chemicals by 21.7% in the 4th quarter. Inceptionr LLC now owns 1,075 shares of the basic materials company’s stock valued at $294,000 after acquiring an additional 192 shares in the last quarter. 81.66% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth A number of equities analysts have recently commented on APD shares. Wolfe Research began coverage on shares of Air Products and Chemicals in a report on Friday, March 1st. They issued an “outperform” rating and a $279.00 price target on the stock. UBS Group cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and cut their price objective for the company from $328.00 to $241.00 in a research note on Thursday, February 8th. Mizuho lowered their price target on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Argus downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, Morgan Stanley decreased their price target on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $273.77. Read Our Latest Report on APD Air Products and Chemicals Stock Up 2.2 % Air Products and Chemicals stock opened at $262.70 on Monday. The firm has a market cap of $58.40 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.84 and a beta of 0.80. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The stock has a fifty day simple moving average of $241.07 and a two-hundred day simple moving average of $251.80. Air Products and Chemicals (NYSE:APD – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the company posted $2.74 earnings per share. Air Products and Chemicals’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year. Air Products and Chemicals Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be given a $1.77 dividend. The ex-dividend date is Monday, July 1st. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.70%. Air Products and Chemicals’s payout ratio is currently 63.90%. Air Products and Chemicals Company Profile (Free Report) 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. Read More Five stocks we like better than Air Products and Chemicals How to Use the MarketBeat Dividend Calculator JD’s Earnings Could Mean Chinese Stocks Making a Comeback How to Calculate Options Profits Canada Goose Flies Higher Driven By DTC Growth How to Most Effectively Use the MarketBeat Earnings Screener CVS Health Stock Has a Silver Lining Called Value Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD – Free Report).
Panagora Asset Management Inc. Trims Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)
Panagora Asset Management Inc. reduced its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,384 shares of the basic materials company’s stock after selling 93 shares during the quarter. Panagora Asset Management Inc.’s holdings in Air Products and Chemicals were worth $3,391,000 at the end of the most recent quarter. A number of other hedge funds have also bought and sold shares of the business. Turtle Creek Wealth Advisors LLC bought a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $27,000. Roble Belko & Company Inc bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth $27,000. Stuart Chaussee & Associates Inc. grew its position in Air Products and Chemicals by 257.6% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 85 shares in the last quarter. Rakuten Securities Inc. bought a new position in Air Products and Chemicals in the fourth quarter valued at $33,000. Finally, Legacy Bridge LLC purchased a new stake in Air Products and Chemicals during the fourth quarter valued at about $35,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of research analysts have commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Friday, May 10th. TD Cowen boosted their price target on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Argus cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Finally, Barclays lowered their target price on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $273.77. Check Out Our Latest Stock Analysis on Air Products and Chemicals Air Products and Chemicals Price Performance Shares of NYSE APD opened at $262.70 on Monday. The firm has a market cap of $58.40 billion, a P/E ratio of 23.71, a PEG ratio of 2.84 and a beta of 0.80. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71. 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 has a 50 day moving average of $241.07 and a 200 day moving average of $251.80. Air Products and Chemicals (NYSE:APD – Get Free Report) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.74 EPS. As a group, research analysts expect that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year. Air Products and Chemicals Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.70%. The ex-dividend date is Monday, July 1st. Air Products and Chemicals’s dividend payout ratio is currently 63.90%. Air Products and Chemicals Company Profile (Free Report) 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.
Air Products And Chemicals: Shares Can Rise As It Executes On Its Backlog
Air Products and Chemicals has seen disappointing performance due to concerns about capital intensity and mixed results. Despite lower revenue, APD's operating performance improved, with EBITDA rising by 4% and margins increasing. APD's units in the Americas and Europe performed well, while China continues to be a source of weakness.
