International Assets Investment Management LLC Has $507,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

International Assets Investment Management LLC lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 106.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,082 shares of the basic materials company’s stock after purchasing an additional 1,075 shares during the quarter. International Assets Investment Management LLC’s holdings in Air Products and Chemicals were worth $507,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Capital Research Global Investors raised its stake in shares of Air Products and Chemicals by 167.2% in the fourth quarter. Capital Research Global Investors now owns 6,921,011 shares of the basic materials company’s stock worth $1,894,973,000 after purchasing an additional 4,330,471 shares during the last quarter. Morgan Stanley raised its position in Air Products and Chemicals by 4.6% in the 3rd quarter. Morgan Stanley now owns 5,302,455 shares of the basic materials company’s stock valued at $1,502,717,000 after buying an additional 235,037 shares during the last quarter. Norges Bank bought a new position in Air Products and Chemicals during the 4th quarter valued at $852,288,000. Raymond James & Associates boosted its holdings in Air Products and Chemicals by 3.6% during the 4th quarter. Raymond James & Associates now owns 1,931,619 shares of the basic materials company’s stock worth $528,877,000 after acquiring an additional 66,906 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Air Products and Chemicals by 12.6% in the 4th quarter. Stifel Financial Corp now owns 1,508,625 shares of the basic materials company’s stock worth $413,078,000 after acquiring an additional 168,959 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Down 0.7 %

Shares of Air Products and Chemicals stock opened at $270.90 on Tuesday. The stock has a market capitalization of $60.22 billion, a P/E ratio of 24.45, a P/E/G ratio of 2.95 and a beta of 0.84. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $307.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. The stock’s 50-day simple moving average is $257.13 and its 200 day simple moving average is $251.80.

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 the consensus estimate of $2.70 by $0.15. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The company’s revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company earned $2.74 earnings per share. As a group, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.3 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, July 1st. Air Products and Chemicals’s payout ratio is currently 63.90%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on APD shares. JPMorgan Chase & Co. dropped their price target on shares of Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Argus downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Friday. TD Cowen lifted their price target on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, BMO Capital Markets upped their price objective on Air Products and Chemicals from $276.00 to $294.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.