Bridgefront Capital LLC Increases Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Bridgefront Capital LLC lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 81.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,144 shares of the basic materials company’s stock after buying an additional 964 shares during the period. Bridgefront Capital LLC’s holdings in Air Products and Chemicals were worth $587,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of APD. Creative Financial Designs Inc. ADV increased its stake in Air Products and Chemicals by 1.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock worth $996,000 after purchasing an additional 38 shares during the period. Venture Visionary Partners LLC increased its stake in Air Products and Chemicals by 1.5% in the 4th quarter. Venture Visionary Partners LLC now owns 2,907 shares of the basic materials company’s stock worth $796,000 after purchasing an additional 43 shares during the period. Applied Capital LLC FL increased its stake in Air Products and Chemicals by 2.0% in the 4th quarter. Applied Capital LLC FL now owns 2,223 shares of the basic materials company’s stock worth $609,000 after purchasing an additional 43 shares during the period. Mycio Wealth Partners LLC increased its stake in Air Products and Chemicals by 0.6% in the 4th quarter. Mycio Wealth Partners LLC now owns 7,044 shares of the basic materials company’s stock worth $1,929,000 after purchasing an additional 44 shares during the period. Finally, Fiera Capital Corp increased its stake in Air Products and Chemicals by 1.8% in the 3rd quarter. Fiera Capital Corp now owns 2,494 shares of the basic materials company’s stock worth $707,000 after purchasing an additional 45 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Up 0.8 %

Air Products and Chemicals stock opened at $285.31 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. The business’s fifty day simple moving average is $251.88 and its two-hundred day simple moving average is $251.72. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The company has a market capitalization of $63.43 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 3.06 and a beta of 0.84.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the company posted $2.74 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 12.3 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Monday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.90%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on APD. Mizuho decreased their price target on Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Barclays lifted their price objective on Air Products and Chemicals from $245.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Monday. StockNews.com lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Thursday. TD Cowen lifted their price objective on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Morgan Stanley lifted their price objective on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals currently has an average rating of “Hold” and a consensus target price of $287.29.

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.