Robertson Stephens Wealth Management LLC Increases Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Robertson Stephens Wealth Management LLC lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 25.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,668 shares of the basic materials company’s stock after buying an additional 334 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Air Products and Chemicals were worth $484,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in Air Products and Chemicals in the 3rd quarter worth approximately $25,000. Raleigh Capital Management Inc. lifted its stake in Air Products and Chemicals by 69.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 43 shares in the last quarter. Financial Life Planners purchased a new stake in Air Products and Chemicals in the 4th quarter worth approximately $31,000. Iron Horse Wealth Management LLC lifted its stake in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares in the last quarter. Finally, Newton One Investments LLC purchased a new stake in Air Products and Chemicals in the 4th quarter worth approximately $38,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on APD shares. BMO Capital Markets cut shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research report on Friday. StockNews.com cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a research report on Friday, October 25th. Bank of America lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 target price on the stock. in a report on Monday, January 27th. Finally, Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $315.00 to $365.00 in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $339.94.

Air Products and Chemicals Trading Down 5.3 %

NYSE:APD opened at $310.66 on Friday. The company has a 50-day moving average price of $310.30 and a 200-day moving average price of $300.85. Air Products and Chemicals, Inc. has a 12 month low of $213.80 and a 12 month high of $341.14. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The stock has a market cap of $69.09 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 3.55 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, February 6th. The basic materials company reported $2.86 EPS for the quarter, missing the consensus estimate of $3.13 by ($0.27). Air Products and Chemicals had a return on equity of 16.34% and a net margin of 31.64%. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.76 EPS for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

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.