Stephens Inc. AR Increases Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Stephens Inc. AR increased its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,197 shares of the basic materials company’s stock after acquiring an additional 1,532 shares during the period. Stephens Inc. AR’s holdings in Air Products and Chemicals were worth $12,923,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in APD. WealthPlan Investment Management LLC raised its holdings in Air Products and Chemicals by 3,439.9% in the 3rd quarter. WealthPlan Investment Management LLC now owns 23,045 shares of the basic materials company’s stock worth $6,531,000 after acquiring an additional 22,394 shares during the last quarter. Jump Financial LLC purchased a new stake in Air Products and Chemicals during the 3rd quarter valued at $224,000. Atria Wealth Solutions Inc. raised its stake in Air Products and Chemicals by 5.7% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 19,496 shares of the basic materials company’s stock valued at $5,537,000 after buying an additional 1,048 shares during the last quarter. D.A. Davidson & CO. raised its stake in Air Products and Chemicals by 11.1% during the 3rd quarter. D.A. Davidson & CO. now owns 16,044 shares of the basic materials company’s stock valued at $4,547,000 after buying an additional 1,607 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Air Products and Chemicals by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,143,676 shares of the basic materials company’s stock valued at $324,118,000 after buying an additional 11,797 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Wednesday. Mizuho decreased their target price on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Morgan Stanley boosted their target price on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday. Wolfe Research initiated coverage on shares of Air Products and Chemicals in a research note on Friday, March 1st. They set an “outperform” rating and a $279.00 target price for the company. Finally, BMO Capital Markets boosted their price objective on shares of Air Products and Chemicals from $263.00 to $276.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $277.85.

Get Our Latest Stock Analysis on Air Products and Chemicals

Air Products and Chemicals Trading Up 3.6 %

Shares of Air Products and Chemicals stock opened at $279.53 on Friday. The company has a market capitalization of $62.14 billion, a P/E ratio of 25.23, a P/E/G ratio of 2.92 and a beta of 0.84. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. The company has a fifty day moving average of $248.45 and a 200 day moving average of $251.49. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71.

Air Products and Chemicals (NYSE:APDGet Free Report) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.15. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. Air Products and Chemicals’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.74 EPS. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.3 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, July 1st. Air Products and Chemicals’s dividend payout ratio is currently 63.90%.

Air Products and Chemicals Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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