DT Investment Partners LLC Has $361,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

DT Investment Partners LLC trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,393 shares of the basic materials company’s stock after selling 56 shares during the quarter. DT Investment Partners LLC’s holdings in Air Products and Chemicals were worth $361,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of APD. Norges Bank acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $962,356,000. Moneta Group Investment Advisors LLC grew its position in shares of Air Products and Chemicals by 111,211.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,640,729 shares of the basic materials company’s stock valued at $505,771,000 after purchasing an additional 1,639,255 shares during the last quarter. Morgan Stanley grew its position in shares of Air Products and Chemicals by 26.0% in the fourth quarter. Morgan Stanley now owns 5,414,008 shares of the basic materials company’s stock valued at $1,668,923,000 after purchasing an additional 1,115,729 shares during the last quarter. Barclays PLC grew its position in shares of Air Products and Chemicals by 222.0% in the second quarter. Barclays PLC now owns 879,406 shares of the basic materials company’s stock valued at $263,407,000 after purchasing an additional 606,280 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Air Products and Chemicals by 1,696.4% in the fourth quarter. Nordea Investment Management AB now owns 518,197 shares of the basic materials company’s stock valued at $142,344,000 after buying an additional 489,350 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APD has been the subject of several research reports. TheStreet cut shares of Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. StockNews.com cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Sunday, April 14th. Seaport Res Ptn cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. cut their price target on shares of Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Finally, Mizuho cut their price target on shares of Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $276.36.

Air Products and Chemicals Trading Down 0.6 %

APD traded down $1.38 during trading on Friday, reaching $231.64. 1,797,253 shares of the company’s stock were exchanged, compared to its average volume of 1,214,487. The company’s fifty day moving average price is $235.88 and its 200-day moving average price is $257.47. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The firm has a market capitalization of $51.49 billion, a PE ratio of 22.11, a P/E/G ratio of 2.56 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data 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). Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the firm posted $2.64 earnings per share. The company’s revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.38 EPS for the current year.

Air Products and Chemicals Increases Dividend

The business also recently declared 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 is Thursday, March 28th. This represents a $7.08 dividend on an annualized basis and a yield of 3.06%. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.75. 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.