Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 46.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,014 shares of the basic materials company’s stock after selling 6,873 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $1,942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of APD. Turtle Creek Wealth Advisors LLC bought a new position in Air Products and Chemicals in the fourth quarter worth about $27,000. Roble Belko & Company Inc bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $27,000. Sachetta LLC acquired a new position in Air Products and Chemicals during the 4th quarter valued at approximately $27,000. Security National Bank bought a new position in Air Products and Chemicals during the 4th quarter worth $27,000. Finally, Transcendent Capital Group LLC acquired a new stake in Air Products and Chemicals in the fourth quarter worth $28,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Bank of America lifted their target price on Air Products and Chemicals from $275.00 to $312.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Barclays lifted their target price on Air Products and Chemicals from $245.00 to $290.00 and gave the stock an “equal weight” rating in a report on Monday, June 10th. Mizuho cut 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 report on Wednesday, May 1st. Morgan Stanley lifted their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Air Products and Chemicals from $260.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, June 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Hold” and a consensus price target of $287.29.

Air Products and Chemicals Stock Performance

APD stock traded down $3.41 during midday trading on Wednesday, hitting $263.68. 6,456,144 shares of the company traded hands, compared to its average volume of 1,761,110. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71. The stock has a market capitalization of $58.62 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 2.89 and a beta of 0.84. 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 business has a 50 day simple moving average of $257.91 and a 200-day simple moving average of $251.83.

Air Products and Chemicals (NYSE:APD) last issued 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 company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the business posted $2.74 earnings per share. The firm’s revenue was down 8.4% compared to the same quarter last year. As a group, equities research analysts predict that Air Products and Chemicals, Inc. will post 12.3 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Monday, July 1st. Air Products and Chemicals’s payout ratio is presently 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.