Oak Hill Wealth Advisors LLC Has $550,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

Oak Hill Wealth Advisors LLC reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,864 shares of the basic materials company’s stock after selling 50 shares during the period. Oak Hill Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Air Products and Chemicals by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 21,485,176 shares of the basic materials company’s stock valued at $6,231,560,000 after purchasing an additional 207,404 shares during the last quarter. Dodge & Cox grew its stake in shares of Air Products and Chemicals by 1.0% in the fourth quarter. Dodge & Cox now owns 6,663,154 shares of the basic materials company’s stock valued at $1,932,581,000 after acquiring an additional 64,960 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Air Products and Chemicals by 129.4% in the fourth quarter. Bank of America Corp DE now owns 5,429,147 shares of the basic materials company’s stock valued at $1,574,670,000 after acquiring an additional 3,062,157 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Air Products and Chemicals by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 4,931,661 shares of the basic materials company’s stock valued at $1,430,354,000 after acquiring an additional 57,314 shares in the last quarter. Finally, Mantle Ridge LP acquired a new position in shares of Air Products and Chemicals in the fourth quarter valued at about $1,191,344,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on APD shares. Bank of America downgraded shares of Air Products and Chemicals from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $330.00 to $282.00 in a research note on Tuesday, April 15th. Morgan Stanley started 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 price target on the stock. Wells Fargo & Company decreased their price target on shares of Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. UBS Group cut their price objective on shares of 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. Finally, 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 for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $332.41.

Air Products and Chemicals Stock Up 0.4%

APD stock opened at $282.12 on Thursday. The stock has a market capitalization of $62.78 billion, a P/E ratio of 41.01, a price-to-earnings-growth ratio of 5.39 and a beta of 0.86. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 0.85. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The firm has a 50-day moving average price of $273.68 and a 200-day moving average price of $291.52.

Air Products and Chemicals (NYSE:APD) last posted 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 the consensus estimate 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 revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $2.85 EPS. As a group, equities research analysts anticipate 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 $1.79 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.54%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 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.