Taylor Financial Group Inc. Buys New Shares in Air Products and Chemicals, Inc. (NYSE:APD)

Taylor Financial Group Inc. purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APDFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,555 shares of the basic materials company’s stock, valued at approximately $426,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cape Cod Five Cents Savings Bank bought a new position in Air Products and Chemicals during the third quarter worth about $376,000. Eos Management L.P. boosted its holdings in shares of Air Products and Chemicals by 26.2% during the fourth quarter. Eos Management L.P. now owns 27,558 shares of the basic materials company’s stock worth $7,545,000 after acquiring an additional 5,727 shares during the period. Roffman Miller Associates Inc. PA boosted its holdings in shares of 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 acquiring an additional 2,285 shares during the period. BKM Wealth Management LLC bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth approximately $1,177,000. Finally, Zenyatta Capital Management LP boosted its holdings in shares of Air Products and Chemicals by 46.7% during the fourth quarter. Zenyatta Capital Management LP now owns 22,000 shares of the basic materials company’s stock worth $6,024,000 after acquiring an additional 7,000 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Bank of America boosted their price objective on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets boosted their price target on Air Products and Chemicals from $276.00 to $294.00 and gave the company an “outperform” rating in a research note on Monday. Wolfe Research started coverage on Air Products and Chemicals in a research note on Friday, March 1st. They issued an “outperform” rating and a $279.00 price target for the company. Mizuho cut their price target on 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. Finally, 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 research note on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Hold” and a consensus target price of $287.29.

Get Our Latest Stock Report on Air Products and Chemicals

Air Products and Chemicals Price Performance

APD traded down $10.17 during trading on Friday, hitting $275.14. 1,503,347 shares of the stock traded hands, compared to its average volume of 1,702,502. The business has a 50 day moving average price of $251.88 and a 200 day moving average price of $251.72. The company has a market cap of $61.17 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 3.07 and a beta of 0.84. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71.

Air Products and Chemicals (NYSE:APDGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.15. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.74 earnings per share. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.3 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, July 1st. This represents a $7.08 annualized dividend and a dividend yield of 2.57%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

About Air Products and Chemicals

(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.

See Also

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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