Defined Wealth Management LLC Has $474,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

Defined Wealth Management LLC grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 15.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,958 shares of the basic materials company’s stock after buying an additional 267 shares during the quarter. Defined Wealth Management LLC’s holdings in Air Products and Chemicals were worth $474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in APD. Turtle Creek Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Roble Belko & Company Inc bought a new position in Air Products and Chemicals during the 4th quarter valued at $27,000. Sachetta LLC purchased a new position in Air Products and Chemicals during the 4th quarter worth $27,000. Security National Bank bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth $27,000. Finally, Thompson Investment Management Inc. purchased a new stake in shares of Air Products and Chemicals in the first quarter valued at about $27,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD opened at $263.68 on Thursday. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $307.71. The stock’s 50-day simple moving average is $257.91 and its 200 day simple moving average is $251.83. 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 has a market capitalization of $58.62 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 2.89 and a beta of 0.84.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15. The firm had revenue of $2.93 billion for 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 for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.74 earnings per share. Research analysts forecast that Air Products and Chemicals, Inc. will post 12.3 EPS 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 given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.69%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 63.90%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APD. TD Cowen boosted their price target on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. BMO Capital Markets upped their target price on Air Products and Chemicals from $276.00 to $294.00 and gave the company an “outperform” rating in a report on Monday, June 10th. JPMorgan Chase & Co. decreased their target price on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Mizuho cut their price target on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, Bank of America raised their price objective on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $287.29.

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.