Kingsview Wealth Management LLC Sells 47 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Kingsview Wealth Management LLC reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.2% during the fourth quarter, Holdings Channel reports. The firm owned 21,549 shares of the basic materials company’s stock after selling 47 shares during the period. Kingsview Wealth Management LLC’s holdings in Air Products and Chemicals were worth $6,250,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Wedmont Private Capital increased its holdings in Air Products and Chemicals by 9.2% during the third quarter. Wedmont Private Capital now owns 1,503 shares of the basic materials company’s stock worth $470,000 after buying an additional 126 shares during the last quarter. Pinnacle Bancorp Inc. increased its holdings in Air Products and Chemicals by 12.9% during the third quarter. Pinnacle Bancorp Inc. now owns 456 shares of the basic materials company’s stock worth $136,000 after buying an additional 52 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Air Products and Chemicals during the third quarter worth about $555,000. Fiduciary Financial Group LLC increased its holdings in Air Products and Chemicals by 40.0% during the third quarter. Fiduciary Financial Group LLC now owns 1,263 shares of the basic materials company’s stock worth $392,000 after buying an additional 361 shares during the last quarter. Finally, Cox Capital Mgt LLC increased its holdings in Air Products and Chemicals by 0.5% during the third quarter. Cox Capital Mgt LLC now owns 11,741 shares of the basic materials company’s stock worth $3,496,000 after buying an additional 58 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on APD. Wells Fargo & Company raised their price objective on shares of Air Products and Chemicals from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday. Sanford C. Bernstein upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price for the company in a research note on Friday, January 31st. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a research note on Friday, October 25th. UBS Group lifted their target price on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Finally, BMO Capital Markets downgraded shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $339.94.

Air Products and Chemicals Price Performance

APD stock opened at $310.66 on Friday. Air Products and Chemicals, Inc. has a 12 month low of $213.80 and a 12 month high of $341.14. The firm has a market capitalization of $69.09 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 3.47 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $309.83 and a 200-day moving average of $301.29.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.13 by ($0.27). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. As a group, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.77 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a yield of 2.30%. Air Products and Chemicals’s payout ratio is presently 41.11%.

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.