Hunter Associates Investment Management LLC Has $3.28 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Hunter Associates Investment Management LLC lessened its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 2.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,968 shares of the basic materials company’s stock after selling 325 shares during the period. Hunter Associates Investment Management LLC’s holdings in Air Products and Chemicals were worth $3,275,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter valued at about $27,000. Rakuten Securities Inc. acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth about $33,000. Legacy Bridge LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth about $35,000. FinTrust Capital Advisors LLC grew its position in shares of Air Products and Chemicals by 40.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock worth $37,000 after buying an additional 38 shares during the period. Finally, Artemis Wealth Advisors LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.6 %

Shares of Air Products and Chemicals stock opened at $231.64 on Friday. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $307.71. The business’s 50 day moving average is $235.88 and its 200-day moving average is $257.30. The company has a quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.74. The stock has a market cap of $51.49 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.55 and a beta of 0.81.

Air Products and Chemicals (NYSE:APDGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the company posted $2.64 EPS. The firm’s revenue was down 5.6% on a year-over-year basis. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, April 1st will be given a dividend of $1.77 per share. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.75. The ex-dividend date is Thursday, March 28th. This represents a $7.08 annualized dividend and a yield of 3.06%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 67.56%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 price objective for the company in a research report on Thursday, February 15th. StockNews.com lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Sunday, April 14th. Wells Fargo & Company lowered Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 5th. Wolfe Research assumed coverage on Air Products and Chemicals in a research report on Friday, March 1st. They issued an “outperform” rating and a $279.00 price objective for the company. Finally, UBS Group lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $328.00 to $241.00 in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $276.36.

View Our Latest Report on APD

About Air Products and Chemicals

(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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