13,321 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Bought by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA bought a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,321 shares of the basic materials company’s stock, valued at approximately $3,647,000.

A number of other large investors have also recently added to or reduced their stakes in APD. Turtle Creek Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals in the 4th quarter valued at about $27,000. Roble Belko & Company Inc bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth approximately $27,000. Sachetta LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter valued at $27,000. Security National Bank bought a new stake in Air Products and Chemicals during the fourth quarter worth $27,000. Finally, Stuart Chaussee & Associates Inc. grew its position in shares of Air Products and Chemicals by 257.6% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 85 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 3.6 %

Shares of Air Products and Chemicals stock opened at $275.14 on Friday. The firm’s 50 day moving average is $252.60 and its 200 day moving average is $251.74. The firm has a market capitalization of $61.17 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 3.09 and a beta of 0.84. 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 current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the firm posted $2.74 earnings per share. The company’s revenue was down 8.4% on a year-over-year basis. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.3 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Monday, July 1st. Air Products and Chemicals’s payout ratio is 63.90%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Thursday. Wolfe Research started coverage on Air Products and Chemicals in a report on Friday, March 1st. They set an “outperform” rating and a $279.00 price objective for the company. Argus cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Morgan Stanley boosted their price target on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Finally, Bank of America upped their target price on Air Products and Chemicals from $275.00 to $312.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $287.29.

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.