Farther Finance Advisors LLC Sells 324 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Farther Finance Advisors LLC decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 11.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,465 shares of the basic materials company’s stock after selling 324 shares during the period. Farther Finance Advisors LLC’s holdings in Air Products and Chemicals were worth $723,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Parvin Asset Management LLC bought a new position in Air Products and Chemicals in the fourth quarter valued at $715,000. Kestra Investment Management LLC grew its stake in Air Products and Chemicals by 44.2% in the fourth quarter. Kestra Investment Management LLC now owns 4,804 shares of the basic materials company’s stock valued at $1,393,000 after purchasing an additional 1,473 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $267,000. Highview Capital Management LLC DE bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth approximately $590,000. Finally, Mantle Ridge LP acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $1,191,344,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 1.2%

APD stock opened at $280.02 on Friday. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. The company’s 50-day simple moving average is $271.69 and its 200 day simple moving average is $294.16. The company has a market capitalization of $62.32 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 3.07 and a beta of 0.86.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, May 1st. The basic materials company reported $2.69 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.14). Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business posted $2.85 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share 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 11th. Investors of record on Tuesday, July 1st will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Tuesday, July 1st. Air Products and Chemicals’s payout ratio is currently 104.07%.

Analysts Set New Price Targets

Several research firms have issued reports on APD. Royal Bank of Canada began coverage on shares of Air Products and Chemicals in a research report on Friday. They set an “outperform” rating and a $355.00 price target on the stock. Morgan Stanley started coverage on shares of Air Products and Chemicals in a research note on Thursday, May 29th. They issued an “equal weight” rating and a $290.00 target price for the company. UBS Group reduced their price target on Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Barclays dropped their price objective on Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Finally, Wells Fargo & Company reduced their target price on Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus price target of $332.41.

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.