Marcum Wealth LLC Buys 156 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Marcum Wealth LLC grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 13.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,281 shares of the basic materials company’s stock after acquiring an additional 156 shares during the quarter. Marcum Wealth LLC’s holdings in Air Products and Chemicals were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new position in Air Products and Chemicals in the 4th quarter valued at $27,000. Roble Belko & Company Inc purchased a new stake in Air Products and Chemicals during the fourth quarter worth about $27,000. Sachetta LLC bought a new stake in Air Products and Chemicals in the fourth quarter worth about $27,000. Security National Bank purchased a new position in Air Products and Chemicals in the fourth quarter valued at about $27,000. Finally, Transcendent Capital Group LLC bought a new position in shares of Air Products and Chemicals during the 4th quarter valued at approximately $28,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE:APD opened at $272.91 on Friday. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $307.71. The stock has a fifty day moving average of $256.33 and a 200 day moving average of $251.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. The firm has a market capitalization of $60.67 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 2.95 and a beta of 0.84.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data 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. 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 return on equity of 16.56% and a net margin of 20.32%. Air Products and Chemicals’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.74 earnings per share. On average, research analysts expect that Air Products and Chemicals, Inc. will post 12.3 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.59%. Air Products and Chemicals’s dividend payout ratio is presently 63.90%.

Analysts Set New Price Targets

Several research firms recently commented on APD. Argus downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft upped their price target on Air Products and Chemicals from $260.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, June 10th. 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 report on Wednesday, June 5th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Friday. Finally, Barclays lifted their target price on shares of Air Products and Chemicals from $245.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Monday, June 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.