Carolinas Wealth Consulting LLC Has $72,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Carolinas Wealth Consulting LLC decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 15.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280 shares of the basic materials company’s stock after selling 53 shares during the period. Carolinas Wealth Consulting LLC’s holdings in Air Products and Chemicals were worth $72,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital Research Global Investors lifted its position in Air Products and Chemicals by 62.3% in the 1st quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock worth $2,720,704,000 after buying an additional 4,309,040 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Air Products and Chemicals by 127.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock worth $720,597,000 after acquiring an additional 1,564,169 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Air Products and Chemicals by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 2,034,818 shares of the basic materials company’s stock valued at $525,085,000 after purchasing an additional 5,140 shares during the last quarter. National Bank of Canada FI grew its stake in Air Products and Chemicals by 2,931.0% in the second quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after purchasing an additional 1,737,260 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in Air Products and Chemicals by 50.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,547,202 shares of the basic materials company’s stock worth $374,841,000 after purchasing an additional 520,179 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. BMO Capital Markets lifted their target price on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Bank of America raised 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. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $310.00 to $280.00 in a report on Monday, July 22nd. Finally, UBS Group increased their target price on shares of Air Products and Chemicals from $276.00 to $281.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Air Products and Chemicals presently has a consensus rating of “Hold” and an average price target of $297.40.

Air Products and Chemicals Trading Up 0.1 %

Shares of Air Products and Chemicals stock opened at $287.72 on Friday. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $301.03. The company’s fifty day simple moving average is $273.70 and its 200-day simple moving average is $259.19. The company has a market cap of $63.96 billion, a price-to-earnings ratio of 25.97, a PEG 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 posted its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.16. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. As a group, sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.32 EPS for the current year.

Air Products and Chemicals Announces Dividend

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