Alpha Omega Wealth Management LLC Sells 45 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Alpha Omega Wealth Management LLC cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,445 shares of the basic materials company’s stock after selling 45 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Air Products and Chemicals were worth $943,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of APD. Cape Cod Five Cents Savings Bank bought a new stake in Air Products and Chemicals in the 3rd quarter worth approximately $376,000. BKM Wealth Management LLC bought a new stake in shares of Air Products and Chemicals in the fourth quarter worth $1,177,000. Bellwether Advisors LLC bought a new position in Air Products and Chemicals in the third quarter valued at about $501,000. Zenyatta Capital Management LP lifted its stake in shares of Air Products and Chemicals by 46.7% in the 4th quarter. Zenyatta Capital Management LP now owns 22,000 shares of the basic materials company’s stock worth $6,024,000 after purchasing an additional 7,000 shares during the period. Finally, Bristol John W & Co. Inc. NY increased its holdings in Air Products and Chemicals by 37.6% during the fourth quarter. Bristol John W & Co. Inc. NY now owns 388,474 shares of the basic materials company’s stock valued at $106,364,000 after buying an additional 106,054 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on APD shares. BMO Capital Markets decreased their target price on Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Barclays dropped their price target on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 6th. TheStreet lowered Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. Wolfe Research began coverage on Air Products and Chemicals in a report on Friday, March 1st. They issued an “outperform” rating and a $279.00 price target on the stock. Finally, Argus lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $276.36.

Air Products and Chemicals Trading Up 0.6 %

Shares of APD traded up $1.35 during mid-day trading on Wednesday, reaching $229.11. 704,392 shares of the company’s stock traded hands, compared to its average volume of 1,741,476. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58. The stock has a market cap of $50.93 billion, a P/E ratio of 21.73, a P/E/G ratio of 2.54 and a beta of 0.81. The stock’s 50-day moving average is $235.11 and its two-hundred day moving average is $258.18.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.18). The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.64 EPS. Research analysts forecast that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be paid a $1.77 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.75. This represents a $7.08 dividend on an annualized basis and a yield of 3.09%. Air Products and Chemicals’s dividend payout ratio is 67.56%.

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.