Hudson Value Partners LLC Has $3.33 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Hudson Value Partners LLC boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,143 shares of the basic materials company’s stock after buying an additional 88 shares during the period. Air Products and Chemicals comprises 1.5% of Hudson Value Partners LLC’s portfolio, making the stock its 22nd largest holding. Hudson Value Partners LLC’s holdings in Air Products and Chemicals were worth $3,325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthPlan Investment Management LLC boosted its stake in Air Products and Chemicals by 3,439.9% in the 3rd quarter. WealthPlan Investment Management LLC now owns 23,045 shares of the basic materials company’s stock valued at $6,531,000 after buying an additional 22,394 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Air Products and Chemicals by 16.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 602 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 85 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Air Products and Chemicals in the 3rd quarter worth about $75,000. Lincoln National Corp increased its position in shares of Air Products and Chemicals by 4.7% during the 3rd quarter. Lincoln National Corp now owns 2,344 shares of the basic materials company’s stock worth $664,000 after purchasing an additional 105 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in Air Products and Chemicals by 1.8% during the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,962 shares of the basic materials company’s stock valued at $1,123,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.6 %

Air Products and Chemicals stock traded up $1.61 during midday trading on Friday, hitting $264.61. 1,070,639 shares of the stock were exchanged, compared to its average volume of 1,712,160. 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 quick ratio of 1.31, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $58.83 billion, a PE ratio of 23.88, a P/E/G ratio of 2.87 and a beta of 0.80. The company has a fifty day simple moving average of $242.93 and a two-hundred day simple moving average of $251.40.

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

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Friday, June 28th. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

Analysts Set New Price Targets

APD has been the subject of a number of research analyst reports. Seaport Res Ptn cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Argus cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. JPMorgan Chase & Co. cut their price target on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Morgan Stanley reduced their price objective on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $273.77.

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About Air Products and Chemicals

(Free Report)

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.

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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