Bank of Montreal Can Has $266.77 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Bank of Montreal Can lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 52.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 931,411 shares of the basic materials company’s stock after buying an additional 319,319 shares during the quarter. Bank of Montreal Can owned about 0.42% of Air Products and Chemicals worth $266,765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of APD. Security National Bank bought a new stake in Air Products and Chemicals in the fourth quarter valued at $27,000. Transcendent Capital Group LLC bought a new stake in Air Products and Chemicals in the 4th quarter valued at about $28,000. Thompson Investment Management Inc. bought a new stake in Air Products and Chemicals in the 1st quarter valued at about $27,000. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals in the second quarter worth approximately $32,000. Finally, Clear Investment Research LLC grew its stake in Air Products and Chemicals by 700.0% in the fourth quarter. Clear Investment Research LLC now owns 128 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 112 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE APD opened at $287.98 on Monday. The company has a market cap of $64.02 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 3.70 and a beta of 0.82. 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 firm’s 50-day simple moving average is $274.23 and its two-hundred day simple moving average is $259.79. 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 released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Research analysts predict that Air Products and Chemicals, Inc. will post 12.32 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business 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 dividend of $1.77 per share. 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 payout ratio is 63.90%.

Wall Street Analyst Weigh In

Several research firms have weighed in on APD. UBS Group upped their price objective on shares of Air Products and Chemicals from $276.00 to $281.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. upped their target price on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. 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 research note on Friday, August 2nd. StockNews.com downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Finally, Barclays upped their price target on Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $297.40.

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.