Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 23.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,572 shares of the basic materials company’s stock after purchasing an additional 297 shares during the period. Sage Mountain Advisors LLC’s holdings in Air Products and Chemicals were worth $430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in APD. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Air Products and Chemicals in the 4th quarter worth about $27,000. Rakuten Securities Inc. purchased a new stake in shares of Air Products and Chemicals in the 4th quarter worth about $33,000. Legacy Bridge LLC purchased a new stake in shares of Air Products and Chemicals in the 4th quarter worth about $35,000. Cetera Trust Company N.A purchased a new stake in shares of Air Products and Chemicals in the 4th quarter worth about $35,000. Finally, FinTrust Capital Advisors LLC boosted its position in shares of Air Products and Chemicals by 40.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock worth $37,000 after buying an additional 38 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on APD. JPMorgan Chase & Co. decreased their price objective 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. TD Cowen decreased their price objective on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. UBS Group lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $328.00 to $241.00 in a research report on Thursday, February 8th. 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 on the stock in a report on Tuesday, February 6th. Finally, Argus lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $276.36.

Air Products and Chemicals Trading Up 1.2 %

Shares of APD stock opened at $234.37 on Tuesday. The firm has a market cap 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 1-year low of $212.24 and a 1-year high of $307.71. 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 simple moving average is $236.12 and its 200-day simple moving average is $256.79.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Monday, February 5th. The basic materials company reported $2.82 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 16.84% and a net margin of 18.82%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.64 earnings per share. As a group, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.38 EPS for the current year.

Air Products and Chemicals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be issued a dividend of $1.77 per share. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.75. This represents a $7.08 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, March 28th. Air Products and Chemicals’s dividend payout ratio is presently 67.56%.

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.