Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 41.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,929 shares of the basic materials company’s stock after purchasing an additional 5,235 shares during the period. Air Products and Chemicals accounts for approximately 1.5% of Scissortail Wealth Management LLC’s portfolio, making the stock its 19th largest position. Scissortail Wealth Management LLC’s holdings in Air Products and Chemicals were worth $4,682,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cape Cod Five Cents Savings Bank acquired a new position in Air Products and Chemicals in the third quarter valued at $376,000. BKM Wealth Management LLC acquired a new position in Air Products and Chemicals in the fourth quarter valued at $1,177,000. Bellwether Advisors LLC acquired a new position in Air Products and Chemicals in the third quarter valued at $501,000. Zenyatta Capital Management LP boosted its stake in Air Products and Chemicals by 46.7% in the fourth quarter. Zenyatta Capital Management LP now owns 22,000 shares of the basic materials company’s stock valued at $6,024,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Bristol John W & Co. Inc. NY boosted its stake in Air Products and Chemicals by 37.6% in the fourth 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. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of APD stock traded down $3.40 during trading hours on Tuesday, hitting $227.76. The company’s stock had a trading volume of 2,590,036 shares, compared to its average volume of 1,756,218. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71. The business has a fifty day moving average of $234.91 and a 200-day moving average of $258.57. The stock has a market cap of $50.63 billion, a price-to-earnings ratio of 22.06, a P/E/G 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 announced its earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.64 EPS. As a group, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.38 EPS 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 paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is currently 67.56%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. TD Cowen reduced their target price on shares of 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. BMO Capital Markets reduced their target price on shares of Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. Morgan Stanley reduced their target price on shares of Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. UBS Group cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their target price for the company from $328.00 to $241.00 in a report on Thursday, February 8th. Finally, Barclays reduced their target price on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Air Products and Chemicals has an average rating of “Hold” and a consensus target price of $276.36.

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.