Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,031 shares of the basic materials company’s stock after selling 99 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Air Products and Chemicals were worth $2,909,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Truvestments Capital LLC acquired a new position in Air Products and Chemicals during the third quarter valued at approximately $25,000. Raleigh Capital Management Inc. lifted its position in Air Products and Chemicals by 69.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 43 shares in the last quarter. Financial Life Planners purchased a new position in Air Products and Chemicals in the 4th quarter worth approximately $31,000. Iron Horse Wealth Management LLC lifted its position in shares of Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares in the last quarter. Finally, Newton One Investments LLC purchased a new stake in Air Products and Chemicals during the 4th quarter worth $38,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APD. UBS Group upped their target price on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a research note on Friday, October 25th. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $330.00 to $350.00 in a research note on Tuesday, January 14th. BMO Capital Markets upped their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $315.00 to $365.00 in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $340.50.

Air Products and Chemicals Stock Down 1.5 %

Shares of NYSE APD opened at $328.30 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The company has a 50-day moving average price of $310.40 and a 200-day moving average price of $300.66. The stock has a market capitalization of $73.01 billion, a P/E ratio of 19.11, a P/E/G ratio of 3.55 and a beta of 0.85. Air Products and Chemicals, Inc. has a 1 year low of $213.07 and a 1 year high of $341.14.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.27). Air Products and Chemicals had a return on equity of 16.34% and a net margin of 31.64%. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.76 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a $1.79 dividend. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 annualized dividend and a yield of 2.18%. Air Products and Chemicals’s payout ratio is currently 41.21%.

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.