US Bancorp DE Buys 46 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

US Bancorp DE grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 121,862 shares of the basic materials company’s stock after purchasing an additional 46 shares during the quarter. US Bancorp DE’s holdings in Air Products and Chemicals were worth $33,366,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. WealthPlan Investment Management LLC lifted its position in shares of 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 purchasing an additional 22,394 shares during the period. Larson Financial Group LLC raised its holdings in Air Products and Chemicals by 620.0% in the third quarter. Larson Financial Group LLC now owns 396 shares of the basic materials company’s stock worth $112,000 after purchasing an additional 341 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Air Products and Chemicals by 16.4% during the third quarter. EverSource Wealth Advisors LLC now owns 602 shares of the basic materials company’s stock valued at $171,000 after buying an additional 85 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at about $75,000. Finally, Ieq Capital LLC grew its position in shares of Air Products and Chemicals by 1.5% in the 3rd quarter. Ieq Capital LLC now owns 7,485 shares of the basic materials company’s stock worth $2,121,000 after buying an additional 108 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

NYSE APD traded up $1.61 on Friday, reaching $264.61. 1,070,639 shares of the company’s stock traded hands, compared to its average volume of 1,712,160. The stock has a 50 day moving average price of $242.93 and a 200-day moving average price of $251.42. The firm has a market cap of $58.83 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 2.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. 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:APD) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the company earned $2.74 earnings per share. Air Products and Chemicals’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.3 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Friday, June 28th. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. BMO Capital Markets lifted their price target on shares of Air Products and Chemicals from $250.00 to $263.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. reduced their target price on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Mizuho decreased their price target on 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. Citigroup dropped their price target on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, Bank of America increased their price objective on shares of Air Products and Chemicals from $272.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $273.77.

Air Products and Chemicals Company 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.