Duncker Streett & Co. Inc. Sells 1,020 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Duncker Streett & Co. Inc. lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 53.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 893 shares of the basic materials company’s stock after selling 1,020 shares during the period. Duncker Streett & Co. Inc.’s holdings in Air Products and Chemicals were worth $245,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of APD. Scissortail Wealth Management LLC increased its stake in shares of Air Products and Chemicals by 41.2% in the fourth quarter. Scissortail Wealth Management LLC now owns 17,929 shares of the basic materials company’s stock worth $4,682,000 after acquiring an additional 5,235 shares during the period. Tyche Wealth Partners LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter worth $790,000. Arbor Trust Wealth Advisors LLC increased its stake in shares of Air Products and Chemicals by 5.9% in the fourth quarter. Arbor Trust Wealth Advisors LLC now owns 892 shares of the basic materials company’s stock worth $246,000 after acquiring an additional 50 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Air Products and Chemicals by 4.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,173 shares of the basic materials company’s stock worth $23,320,000 after acquiring an additional 3,491 shares during the period. Finally, Everence Capital Management Inc. increased its stake in shares of Air Products and Chemicals by 14.6% in the fourth quarter. Everence Capital Management Inc. now owns 11,917 shares of the basic materials company’s stock worth $3,263,000 after acquiring an additional 1,520 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

APD has been the topic of a number of research reports. Barclays cut their price objective on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 6th. JPMorgan Chase & Co. dropped their price target on shares of Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Morgan Stanley dropped their price target on shares of Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. BMO Capital Markets dropped their price target on shares of Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Finally, Citigroup raised their price target on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. 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 data from MarketBeat, Air Products and Chemicals has a consensus rating of “Hold” and an average target price of $276.36.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $229.08 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58. The firm’s 50-day moving average is $235.38 and its two-hundred day moving average is $257.98. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The company has a market capitalization of $50.92 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 2.50 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the firm earned $2.64 earnings per share. Air Products and Chemicals’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts predict that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The business also recently declared 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. The ex-dividend date 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 3.09%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 67.56%.

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.