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

Hexagon Capital Partners LLC increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 2,250.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 141 shares of the basic materials company’s stock after purchasing an additional 135 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Air Products and Chemicals were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in Air Products and Chemicals in the third quarter valued at about $1,113,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of Air Products and Chemicals by 97.6% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 18,593 shares of the basic materials company’s stock valued at $5,269,000 after buying an additional 9,183 shares during the last quarter. Axxcess Wealth Management LLC grew its position in shares of Air Products and Chemicals by 91.5% during the third quarter. Axxcess Wealth Management LLC now owns 1,825 shares of the basic materials company’s stock worth $517,000 after buying an additional 872 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Air Products and Chemicals by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 339,948 shares of the basic materials company’s stock worth $97,306,000 after buying an additional 4,412 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in Air Products and Chemicals by 1.3% in the third quarter. Evergreen Capital Management LLC now owns 15,845 shares of the basic materials company’s stock valued at $4,518,000 after acquiring an additional 207 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Down 4.2 %

Shares of NYSE:APD opened at $247.18 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average price is $259.73 and its 200 day moving average price is $251.71. The company has a market cap of $54.95 billion, a PE ratio of 22.31, a P/E/G ratio of 2.80 and a beta of 0.81. 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 quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.70 by $0.15. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. Air Products and Chemicals’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.74 earnings per share. Sell-side analysts anticipate 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. Stockholders of record on Monday, July 1st will be paid a $1.77 dividend. The ex-dividend date is Monday, July 1st. This represents a $7.08 annualized dividend and a dividend yield of 2.86%. Air Products and Chemicals’s payout ratio is 63.90%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Bank of America raised their price objective on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Deutsche Bank Aktiengesellschaft upped their price objective on Air Products and Chemicals from $260.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, June 10th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday. Barclays raised their price objective on Air Products and Chemicals from $245.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Monday, June 10th. Finally, TD Cowen boosted their target price 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of “Hold” and an average price target 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.