Stableford Capital II LLC Purchases 41 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Stableford Capital II LLC boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,222 shares of the basic materials company’s stock after acquiring an additional 41 shares during the period. Stableford Capital II LLC’s holdings in Air Products and Chemicals were worth $950,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APD. Generali Investments Management Co LLC bought a new stake in Air Products and Chemicals during the 4th quarter worth approximately $26,000. WR Wealth Planners LLC raised its position in shares of Air Products and Chemicals by 40.3% during the fourth quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock valued at $31,000 after buying an additional 31 shares during the last quarter. Financial Perspectives Inc raised its position in shares of Air Products and Chemicals by 33.3% during the fourth quarter. Financial Perspectives Inc now owns 140 shares of the basic materials company’s stock valued at $41,000 after buying an additional 35 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $44,000. Finally, Sunbelt Securities Inc. raised its position in shares of Air Products and Chemicals by 525.9% during the fourth quarter. Sunbelt Securities Inc. now owns 169 shares of the basic materials company’s stock valued at $49,000 after buying an additional 142 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the topic of several recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Air Products and Chemicals in a research report on Friday, June 13th. They set an “outperform” rating and a $355.00 price objective on the stock. Wells Fargo & Company reduced their price objective on shares of Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Bank of America cut shares of Air Products and Chemicals from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $330.00 to $282.00 in a research report on Tuesday, April 15th. Citigroup reduced their price objective on shares of Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Finally, UBS Group reduced their price target on shares of Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $332.41.

Air Products and Chemicals Stock Down 0.6%

NYSE APD opened at $275.32 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average of $272.89 and a two-hundred day moving average of $292.85. The firm has a market capitalization of $61.27 billion, a price-to-earnings ratio of 40.02, a PEG ratio of 5.28 and a beta of 0.86. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $2.69 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.14). The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Air Products and Chemicals had a return on equity of 15.48% and a net margin of 12.76%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.85 earnings per share. On average, analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed 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. This represents a $7.16 annualized dividend and a yield of 2.60%. The ex-dividend date is Tuesday, July 1st. Air Products and Chemicals’s payout ratio is 104.07%.

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.