Alpha Omega Wealth Management LLC Has $819,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Alpha Omega Wealth Management LLC decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,382 shares of the basic materials company’s stock after selling 63 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Air Products and Chemicals were worth $819,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APD. Capital Research Global Investors boosted its holdings in shares of Air Products and Chemicals by 167.2% during the 4th quarter. Capital Research Global Investors now owns 6,921,011 shares of the basic materials company’s stock worth $1,894,973,000 after buying an additional 4,330,471 shares during the period. Norges Bank bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth $852,288,000. Nordea Investment Management AB boosted its holdings in shares of Air Products and Chemicals by 1,696.4% during the 4th quarter. Nordea Investment Management AB now owns 518,197 shares of the basic materials company’s stock worth $142,344,000 after buying an additional 489,350 shares during the period. Scharf Investments LLC bought a new stake in shares of Air Products and Chemicals during the 1st quarter worth $87,173,000. Finally, Morningstar Investment Services LLC boosted its holdings in shares of Air Products and Chemicals by 96.4% during the 4th quarter. Morningstar Investment Services LLC now owns 684,057 shares of the basic materials company’s stock worth $187,589,000 after buying an additional 335,717 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock traded down $5.02 during mid-day trading on Friday, reaching $258.05. 2,606,874 shares of the stock were exchanged, compared to its average volume of 2,045,374. The company has a market cap of $57.37 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.85 and a beta of 0.84. 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 firm has a 50-day simple moving average of $259.73 and a 200 day simple moving average of $251.83. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the company posted $2.74 EPS. On average, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.3 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Monday, July 1st. Air Products and Chemicals’s payout ratio is presently 63.90%.

Analysts Set New Price Targets

APD has been the subject of several recent analyst reports. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday. Bank of America increased their price target on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the company a “buy” rating in a report on Monday, June 10th. BMO Capital Markets increased their price target on shares of Air Products and Chemicals from $276.00 to $294.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Mizuho reduced their price target on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Air Products and Chemicals from $260.00 to $310.00 and gave the company a “buy” rating in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.