Fidelis Capital Partners LLC Reduces Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Fidelis Capital Partners LLC lowered its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,051 shares of the basic materials company’s stock after selling 68 shares during the period. Fidelis Capital Partners LLC’s holdings in Air Products and Chemicals were worth $569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Security National Bank purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth about $27,000. Thompson Investment Management Inc. purchased a new position in Air Products and Chemicals in the 1st quarter worth approximately $27,000. Transcendent Capital Group LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $28,000. Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $32,000. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Air Products and Chemicals by 2,250.0% in the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley boosted 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 note on Wednesday, June 5th. Citigroup raised their price objective on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their target price for the company from $310.00 to $280.00 in a report on Monday, July 22nd. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Air Products and Chemicals presently has a consensus rating of “Hold” and a consensus price target of $297.40.

Air Products and Chemicals Price Performance

APD opened at $287.98 on Monday. The stock’s 50-day moving average price is $274.23 and its 200 day moving average price is $259.79. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $296.00. The firm has a market cap of $64.02 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 3.70 and a beta of 0.82. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. As a group, sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.32 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be paid a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 annualized dividend and a dividend yield of 2.46%. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.90%.

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.