SYSTM Wealth Solutions LLC Has $260,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

SYSTM Wealth Solutions LLC reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 95.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,009 shares of the basic materials company’s stock after selling 20,693 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Air Products and Chemicals were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Sachetta LLC acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth $27,000. Security National Bank acquired a new stake in Air Products and Chemicals in the 4th quarter worth about $27,000. Thompson Investment Management Inc. bought a new stake in Air Products and Chemicals in the 1st quarter valued at about $27,000. Transcendent Capital Group LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $28,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals during the 2nd quarter worth approximately $32,000. 81.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APD has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Citigroup upped their target price on Air Products and Chemicals from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 12th. UBS Group boosted their price target on Air Products and Chemicals from $276.00 to $281.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. StockNews.com downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Finally, Morgan Stanley boosted their target price on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Hold” and a consensus target price of $297.40.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $287.27 on Thursday. The stock has a 50-day moving average price of $273.10 and a two-hundred day moving average price of $258.99. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $301.03. The company has a market capitalization of $63.86 billion, a PE ratio of 25.93, a P/E/G ratio of 3.70 and a beta of 0.81. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.04 billion. Analysts expect that Air Products and Chemicals, Inc. will post 12.32 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be paid a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 annualized dividend and a dividend yield of 2.46%. Air Products and Chemicals’s dividend payout ratio is 63.90%.

Air Products and Chemicals Company 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.