Revolve Wealth Partners LLC Purchases 49 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Revolve Wealth Partners LLC raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 2.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,048 shares of the basic materials company’s stock after acquiring an additional 49 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $604,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Parvin Asset Management LLC bought a new position in Air Products and Chemicals in the fourth quarter valued at about $715,000. Kestra Investment Management LLC increased its position in Air Products and Chemicals by 44.2% in the fourth quarter. Kestra Investment Management LLC now owns 4,804 shares of the basic materials company’s stock worth $1,393,000 after buying an additional 1,473 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Air Products and Chemicals in the fourth quarter worth about $267,000. Highview Capital Management LLC DE purchased a new stake in Air Products and Chemicals in the fourth quarter worth about $590,000. Finally, Mantle Ridge LP purchased a new stake in Air Products and Chemicals in the fourth quarter worth about $1,191,344,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

NYSE APD opened at $279.94 on Friday. The stock has a market capitalization of $62.30 billion, a PE ratio of 16.26, a P/E/G ratio of 3.07 and a beta of 0.86. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14. The business has a 50 day simple moving average of $270.50 and a two-hundred day simple moving average of $295.93. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, May 1st. The basic materials company reported $2.69 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.14). The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. Air Products and Chemicals’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.85 EPS. On average, research analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Tuesday, July 1st will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, July 1st. Air Products and Chemicals’s payout ratio is currently 104.07%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup reduced their price target on Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. UBS Group reduced their price target on Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Morgan Stanley assumed coverage on Air Products and Chemicals in a research report on Thursday, May 29th. They set an “equal weight” rating and a $290.00 target price for the company. Wells Fargo & Company cut their target price on Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Finally, Bank of America cut Air Products and Chemicals from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $330.00 to $282.00 in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus price target of $331.00.

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.