Everett Harris & Co. CA Has $578,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Everett Harris & Co. CA raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,112 shares of the basic materials company’s stock after buying an additional 274 shares during the quarter. Everett Harris & Co. CA’s holdings in Air Products and Chemicals were worth $578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of APD. BlackRock Inc. grew its holdings in shares of Air Products and Chemicals by 2.0% in the 2nd quarter. BlackRock Inc. now owns 14,886,487 shares of the basic materials company’s stock worth $4,458,949,000 after purchasing an additional 291,104 shares during the last quarter. State Street Corp grew its holdings in shares of Air Products and Chemicals by 3.3% in the 2nd quarter. State Street Corp now owns 9,693,186 shares of the basic materials company’s stock worth $2,920,175,000 after purchasing an additional 307,468 shares during the last quarter. Morgan Stanley grew its holdings in Air Products and Chemicals by 26.0% during the 4th quarter. Morgan Stanley now owns 5,414,008 shares of the basic materials company’s stock worth $1,668,923,000 after acquiring an additional 1,115,729 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Air Products and Chemicals by 0.9% during the 2nd quarter. Wells Fargo & Company MN now owns 4,163,043 shares of the basic materials company’s stock worth $1,246,957,000 after acquiring an additional 38,283 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Air Products and Chemicals by 1.0% during the 3rd quarter. Northern Trust Corp now owns 3,829,919 shares of the basic materials company’s stock worth $1,085,399,000 after acquiring an additional 39,215 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wolfe Research assumed coverage on shares of Air Products and Chemicals in a report on Friday, March 1st. They set an “outperform” rating and a $279.00 price objective on the stock. Barclays decreased their price objective on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 6th. UBS Group downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and cut their target price for the company from $328.00 to $241.00 in a research report on Thursday, February 8th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, BMO Capital Markets cut their target price on shares of Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $280.29.

Air Products and Chemicals Stock Down 0.3 %

NYSE APD traded down $0.73 during trading hours on Thursday, reaching $242.37. 1,439,901 shares of the company’s stock were exchanged, compared to its average volume of 1,840,263. The company’s 50-day moving average is $239.78 and its two-hundred day moving average is $264.01. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. The company has a market capitalization of $53.88 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 2.62 and a beta of 0.81.

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

Air Products and Chemicals Increases Dividend

The company also recently announced 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 boost from Air Products and Chemicals’s previous quarterly dividend of $1.75. This represents a $7.08 annualized dividend and a dividend yield of 2.92%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 66.79%.

About Air Products and Chemicals

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.