Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC grew its position in Air Products and Chemicals, Inc. (NYSE:APD) by 14.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 796,244 shares of the basic materials company’s stock after buying an additional 98,651 shares during the quarter. ProShare Advisors LLC owned 0.36% of Air Products and Chemicals worth $205,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Security National Bank acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at $27,000. Thompson Investment Management Inc. acquired a new position in Air Products and Chemicals during the 1st quarter worth $27,000. Transcendent Capital Group LLC acquired a new position in Air Products and Chemicals during the 4th quarter worth $28,000. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals during the 2nd quarter worth $32,000. Finally, Hexagon Capital Partners LLC grew its stake in Air Products and Chemicals by 2,250.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 135 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. boosted their target price on Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Barclays boosted their target price on Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Bank of America upped their price objective on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, UBS Group upped their price objective on 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 research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $297.40.

Air Products and Chemicals Stock Up 0.1 %

APD opened at $287.98 on Friday. The business has a 50 day moving average price of $274.23 and a two-hundred day moving average price of $259.67. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The company has a market cap of $64.02 billion, a PE ratio of 25.99, a P/E/G ratio of 3.70 and a beta of 0.82. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $296.00.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.04 by $0.16. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. As a group, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.32 EPS for the current year.

Air Products and Chemicals Dividend Announcement

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