Telos Capital Management Inc. Trims Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Telos Capital Management Inc. lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,333 shares of the basic materials company’s stock after selling 492 shares during the period. Telos Capital Management Inc.’s holdings in Air Products and Chemicals were worth $7,928,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in APD. Truvestments Capital LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter worth about $25,000. Raleigh Capital Management Inc. grew its stake in Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 43 shares in the last quarter. Financial Life Planners bought a new stake in Air Products and Chemicals in the fourth quarter valued at about $31,000. Iron Horse Wealth Management LLC increased its holdings in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares during the last quarter. Finally, Newton One Investments LLC bought a new position in Air Products and Chemicals during the 4th quarter worth approximately $38,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

Shares of APD opened at $328.30 on Friday. Air Products and Chemicals, Inc. has a 52-week low of $213.07 and a 52-week high of $341.14. The firm has a market capitalization of $73.01 billion, a PE ratio of 19.11, a P/E/G ratio of 3.55 and a beta of 0.85. The firm has a 50-day moving average price of $310.40 and a 200 day moving average price of $300.66. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, February 6th. The basic materials company reported $2.86 EPS for the quarter, missing the consensus estimate of $3.13 by ($0.27). Air Products and Chemicals had a return on equity of 16.34% and a net margin of 31.64%. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.76 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 annualized dividend and a yield of 2.18%. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.68%.

Wall Street Analyst Weigh In

APD has been the subject of a number of research analyst reports. Bank of America downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price target for the company. in a report on Monday, January 27th. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $330.00 to $350.00 in a research note on Tuesday, January 14th. BMO Capital Markets raised their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $315.00 to $365.00 in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $340.50.

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.