Scissortail Wealth Management LLC Has $4.68 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Scissortail Wealth Management LLC boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 41.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,929 shares of the basic materials company’s stock after buying an additional 5,235 shares during the quarter. Air Products and Chemicals makes up about 1.5% of Scissortail Wealth Management LLC’s holdings, making the stock its 19th biggest position. Scissortail Wealth Management LLC’s holdings in Air Products and Chemicals were worth $4,682,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals during the 4th quarter worth about $27,000. Legacy Bridge LLC bought a new position in Air Products and Chemicals during the 4th quarter valued at about $35,000. FinTrust Capital Advisors LLC lifted its holdings in Air Products and Chemicals by 40.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 38 shares during the last quarter. Artemis Wealth Advisors LLC bought a new position in Air Products and Chemicals during the 3rd quarter valued at about $39,000. Finally, Fortitude Family Office LLC bought a new position in Air Products and Chemicals during the 4th quarter valued at about $42,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APD. TD Cowen cut their price target on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, February 16th. BMO Capital Markets cut their price target on shares of Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. Citigroup lifted their price target on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. StockNews.com downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Morgan Stanley lowered their price objective on shares of Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $276.36.

Air Products and Chemicals Trading Down 1.5 %

Shares of NYSE:APD traded down $3.40 during trading on Tuesday, hitting $227.76. 2,590,036 shares of the company’s stock were exchanged, compared to its average volume of 1,756,218. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71. The firm has a 50-day moving average price of $234.91 and a two-hundred day moving average price of $258.57. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74. The firm has a market cap of $50.63 billion, a P/E ratio of 22.06, a PEG ratio of 2.55 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.18). Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the firm earned $2.64 EPS. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be paid a dividend of $1.77 per share. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.75. The ex-dividend date is Thursday, March 28th. This represents a $7.08 annualized dividend and a yield of 3.11%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 67.56%.

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.