Glassman Wealth Services Has $336,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

Glassman Wealth Services boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,228 shares of the basic materials company’s stock after purchasing an additional 73 shares during the quarter. Glassman Wealth Services’ holdings in Air Products and Chemicals were worth $336,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of APD. Smithfield Trust Co boosted its stake in Air Products and Chemicals by 2.4% in the third quarter. Smithfield Trust Co now owns 1,566 shares of the basic materials company’s stock worth $444,000 after buying an additional 36 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Air Products and Chemicals by 1.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock valued at $996,000 after purchasing an additional 38 shares during the period. Fidelis Capital Partners LLC boosted its stake in shares of Air Products and Chemicals by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 1,957 shares of the basic materials company’s stock valued at $555,000 after purchasing an additional 40 shares during the period. Choreo LLC boosted its stake in shares of Air Products and Chemicals by 0.8% during the third quarter. Choreo LLC now owns 5,263 shares of the basic materials company’s stock valued at $1,492,000 after purchasing an additional 41 shares during the period. Finally, Venture Visionary Partners LLC boosted its stake in shares of Air Products and Chemicals by 1.5% during the fourth quarter. Venture Visionary Partners LLC now owns 2,907 shares of the basic materials company’s stock valued at $796,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.6 %

Shares of NYSE:APD traded up $1.61 on Friday, hitting $264.61. 1,070,639 shares of the company traded hands, compared to its average volume of 1,712,160. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71. The company has a quick ratio of 1.31, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The stock has a 50 day simple moving average of $242.93 and a 200-day simple moving average of $251.40. The company has a market cap of $58.83 billion, a PE ratio of 23.88, a PEG ratio of 2.87 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the company earned $2.74 earnings per share. The company’s revenue was down 8.4% on a year-over-year basis. As a group, research analysts expect that Air Products and Chemicals, Inc. will post 12.3 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $328.00 to $241.00 in a research note on Thursday, February 8th. TD Cowen upped their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Wolfe Research began coverage on Air Products and Chemicals in a report on Friday, March 1st. They set an “outperform” rating and a $279.00 target price for the company. Citigroup decreased their target price on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. decreased their target price on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $273.77.

Air Products and Chemicals 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.