14,162 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Purchased by RWA Wealth Partners LLC

RWA Wealth Partners LLC acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,162 shares of the basic materials company’s stock, valued at approximately $3,878,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APD. Turtle Creek Wealth Advisors LLC purchased a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. purchased a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $33,000. Legacy Bridge LLC purchased a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $35,000. Cetera Trust Company N.A bought a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $35,000. Finally, FinTrust Capital Advisors LLC grew its stake in shares of Air Products and Chemicals by 40.4% during the third quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock valued at $37,000 after buying an additional 38 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

NYSE APD opened at $234.36 on Tuesday. The stock has a 50-day simple moving average of $236.12 and a two-hundred day simple moving average of $256.79. The firm has a market capitalization of $52.10 billion, a P/E ratio of 22.36, a PEG ratio of 2.55 and a beta of 0.81. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data 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). The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.64 EPS. On average, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Thursday, March 28th. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.75. This represents a $7.08 dividend on an annualized basis and a dividend yield of 3.02%. Air Products and Chemicals’s dividend payout ratio (DPR) is 67.56%.

Analysts Set New Price Targets

Several brokerages recently issued reports on APD. Wells Fargo & Company cut Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 5th. Mizuho dropped their target price on Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Seaport Res Ptn cut Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Bank of America raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 target price on the stock in a research report on Thursday, February 15th. Finally, TheStreet cut Air Products and Chemicals from a “b” rating to a “c+” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.