Obermeyer Wood Investment Counsel Lllp Sells 56 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Obermeyer Wood Investment Counsel Lllp decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,660 shares of the basic materials company’s stock after selling 56 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Air Products and Chemicals were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new stake in Air Products and Chemicals during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. bought a new stake in Air Products and Chemicals during the 4th quarter worth approximately $33,000. Legacy Bridge LLC bought a new stake in Air Products and Chemicals during the 4th quarter worth approximately $35,000. FinTrust Capital Advisors LLC raised its stake in Air Products and Chemicals by 40.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 38 shares during the period. Finally, Artemis Wealth Advisors LLC bought a new stake in Air Products and Chemicals during the 3rd quarter worth approximately $39,000. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

APD has been the subject of a number of research analyst reports. Wells Fargo & Company lowered shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. Seaport Res Ptn lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. cut their price objective on shares of Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Wolfe Research initiated coverage on shares of 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. Finally, Mizuho cut their price objective on shares of Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $276.36.

Air Products and Chemicals Stock Up 1.8 %

Shares of APD stock traded up $4.01 on Thursday, hitting $233.02. The stock had a trading volume of 1,302,040 shares, compared to its average volume of 1,746,447. The company has a quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average price of $235.38 and a 200 day moving average price of $257.98. The company has a market cap of $51.80 billion, a PE ratio of 21.86, a P/E/G ratio of 2.50 and a beta of 0.81. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71.

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

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be paid a dividend of $1.77 per share. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.75. The ex-dividend date is Thursday, March 28th. This represents a $7.08 dividend on an annualized basis and a dividend yield of 3.04%. Air Products and Chemicals’s payout ratio is presently 67.56%.

Air Products and Chemicals 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.