Janney Montgomery Scott LLC Has $55.19 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Janney Montgomery Scott LLC boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 19.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 227,803 shares of the basic materials company’s stock after purchasing an additional 36,736 shares during the period. Janney Montgomery Scott LLC owned about 0.10% of Air Products and Chemicals worth $55,190,000 as of its most recent filing with the SEC.

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 approximately $27,000. Roble Belko & Company Inc acquired a new position in shares of Air Products and Chemicals in the fourth quarter valued at $27,000. Sachetta LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter valued at about $27,000. Security National Bank acquired a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $27,000. Finally, Thompson Investment Management Inc. bought a new stake in shares of Air Products and Chemicals during the 1st quarter worth about $27,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock traded down $0.33 during midday trading on Friday, hitting $252.67. 1,381,395 shares of the company traded hands, compared to its average volume of 2,040,758. The stock has a market cap of $56.17 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.74 and a beta of 0.81. 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’s fifty day moving average price is $261.38 and its 200-day moving average price is $251.29. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the business earned $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, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.3 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 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 2.80%. The ex-dividend date of this dividend is Monday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 63.90%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup cut their price objective on shares of Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Barclays lifted their target price on Air Products and Chemicals from $245.00 to $290.00 and gave the stock an “equal weight” rating in a report on Monday, June 10th. TD Cowen upped their price target on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Morgan Stanley lifted their price objective on shares of 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. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, June 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average 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.