Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 5.2% during the 1st quarter, HoldingsChannel reports. The fund owned 3,722 shares of the basic materials company’s stock after selling 204 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Air Products and Chemicals were worth $1,098,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Generali Investments Management Co LLC acquired a new position in shares of Air Products and Chemicals in the fourth quarter worth about $26,000. Sierra Ocean LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $30,000. WR Wealth Planners LLC raised its position in shares of Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. Financial Perspectives Inc raised its position in shares of Air Products and Chemicals by 33.3% in the 4th quarter. Financial Perspectives Inc now owns 140 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 35 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in Air Products and Chemicals in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $281.78 on Wednesday. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $62.71 billion, a P/E ratio of 16.36, a PEG ratio of 3.07 and a beta of 0.86. The firm’s 50 day moving average is $270.17 and its two-hundred day moving average is $295.25.

Air Products and Chemicals (NYSE:APD) last issued its quarterly 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 business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.94 billion. Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. Air Products and Chemicals’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the business posted $2.85 earnings per share. Analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $1.79 per share. The ex-dividend date is Tuesday, July 1st. This represents a $7.16 annualized dividend and a yield of 2.54%. Air Products and Chemicals’s payout ratio is 104.07%.

Analyst Ratings Changes

Several research firms recently issued reports on APD. Citigroup cut their price target on shares of Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Morgan Stanley initiated coverage on shares of Air Products and Chemicals in a research note on Thursday, May 29th. They issued an “equal weight” rating and a $290.00 target price on the stock. UBS Group cut their target price on shares of Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Bank of America cut Air Products and Chemicals from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $330.00 to $282.00 in a research note on Tuesday, April 15th. Finally, Barclays cut their price objective on Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $331.00.

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.