Bison Wealth LLC Acquires 69 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Bison Wealth LLC increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,765 shares of the basic materials company’s stock after purchasing an additional 69 shares during the quarter. Bison Wealth LLC’s holdings in Air Products and Chemicals were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Syntax Research Inc. lifted its holdings in Air Products and Chemicals by 130.5% during the 4th quarter. Syntax Research Inc. now owns 3,866 shares of the basic materials company’s stock worth $1,059,000 after purchasing an additional 2,189 shares during the last quarter. Cullen Investment Group LTD. acquired a new stake in Air Products and Chemicals during the 4th quarter worth approximately $4,561,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Air Products and Chemicals by 113.5% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,957 shares of the basic materials company’s stock valued at $810,000 after acquiring an additional 1,572 shares in the last quarter. Bristol John W & Co. Inc. NY raised its holdings in Air Products and Chemicals by 37.6% in the 4th 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 acquiring an additional 106,054 shares in the last quarter. Finally, River Street Advisors LLC raised its holdings in Air Products and Chemicals by 2.0% in the 4th quarter. River Street Advisors LLC now owns 3,172 shares of the basic materials company’s stock valued at $868,000 after acquiring an additional 62 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Down 0.2 %

NYSE APD opened at $231.16 on Tuesday. The business’s 50-day moving average price is $234.91 and its two-hundred day moving average price is $258.57. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The firm has a market capitalization of $51.39 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.55 and a beta of 0.81. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm posted $2.64 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, analysts expect 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 announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Thursday, March 28th. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.75. Air Products and Chemicals’s payout ratio is presently 67.56%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Cowen dropped their price objective on Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Citigroup lifted their price objective on Air Products and Chemicals from $260.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Wells Fargo & Company cut Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. Argus cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, Wolfe Research started coverage on Air Products and Chemicals in a report on Friday, March 1st. They set an “outperform” rating and a $279.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $276.36.

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.