688 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Bought by Fourth Dimension Wealth LLC

Fourth Dimension Wealth LLC purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 688 shares of the basic materials company’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APD. Mantle Ridge LP purchased a new stake in Air Products and Chemicals in the 4th quarter worth $1,191,344,000. Norges Bank purchased a new stake in shares of Air Products and Chemicals during the fourth quarter worth $919,721,000. Bank of America Corp DE grew its holdings in shares of Air Products and Chemicals by 129.4% during the fourth quarter. Bank of America Corp DE now owns 5,429,147 shares of the basic materials company’s stock worth $1,574,670,000 after buying an additional 3,062,157 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Air Products and Chemicals during the fourth quarter worth $885,371,000. Finally, Capital International Investors purchased a new stake in shares of Air Products and Chemicals during the fourth quarter worth $436,636,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, VP Walter L. Nelson sold 589 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total value of $181,706.50. Following the transaction, the vice president now owns 719 shares of the company’s stock, valued at $221,811.50. This represents a 45.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by corporate insiders.

Air Products and Chemicals Trading Down 0.2%

Shares of APD opened at $269.06 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. 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 $274.33 and a 200 day moving average price of $299.10. The firm has a market capitalization of $59.88 billion, a P/E ratio of 15.62, a P/E/G ratio of 3.07 and a beta of 0.88.

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). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company earned $2.85 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Tuesday, July 1st will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 2.66%. Air Products and Chemicals’s payout ratio is currently 104.07%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on APD shares. Bank of America lowered shares of Air Products and Chemicals from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $330.00 to $282.00 in a report on Tuesday, April 15th. Citigroup dropped their target price on shares of Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $320.00 target price (down previously from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. Wells Fargo & Company dropped their target price on shares of Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Finally, UBS Group dropped their target price on shares of Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $330.38.

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.