Air Products and Chemicals, Inc. (NYSE:APD) Position Boosted by Resources Management Corp CT ADV

Resources Management Corp CT ADV raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,698 shares of the basic materials company’s stock after buying an additional 455 shares during the period. Resources Management Corp CT ADV’s holdings in Air Products and Chemicals were worth $3,535,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Security National Bank purchased a new stake in shares of Air Products and Chemicals during the fourth quarter valued at $27,000. Transcendent Capital Group LLC acquired a new stake in Air Products and Chemicals during the 4th quarter worth about $28,000. Thompson Investment Management Inc. purchased a new position in Air Products and Chemicals during the 1st quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals in the 2nd quarter valued at about $32,000. Finally, Clear Investment Research LLC grew its position in Air Products and Chemicals by 700.0% during the fourth quarter. Clear Investment Research LLC now owns 128 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

APD opened at $291.99 on Tuesday. The stock’s 50 day simple moving average is $274.87 and its 200-day simple moving average is $260.12. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The stock has a market cap of $64.91 billion, a PE ratio of 26.35, a P/E/G ratio of 3.70 and a beta of 0.82. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $296.00.

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. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. Sell-side analysts forecast 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 issued a dividend of $1.77 per share. The ex-dividend date is Tuesday, October 1st. This represents a $7.08 annualized dividend and a yield of 2.42%. Air Products and Chemicals’s dividend payout ratio is currently 63.90%.

Analyst Ratings Changes

APD has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on shares of 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. JPMorgan Chase & Co. increased their price target on shares of 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. UBS Group raised their target price on Air Products and Chemicals from $276.00 to $281.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group increased their price target on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.