Xponance Inc. Has $8.20 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Xponance Inc. cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,780 shares of the basic materials company’s stock after selling 162 shares during the period. Xponance Inc.’s holdings in Air Products and Chemicals were worth $8,201,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of APD. Security National Bank bought a new stake in Air Products and Chemicals in the 4th quarter valued at about $27,000. Transcendent Capital Group LLC bought a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $28,000. Thompson Investment Management Inc. bought a new stake in shares of Air Products and Chemicals in the 1st quarter valued at about $27,000. Meeder Asset Management Inc. bought a new stake 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 shares of Air Products and Chemicals by 700.0% in the 4th quarter. Clear Investment Research LLC now owns 128 shares of the basic materials company’s stock valued at $35,000 after buying an additional 112 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 1.4 %

Shares of APD stock opened at $291.99 on Tuesday. The business’s fifty day moving average is $274.87 and its 200 day moving average is $260.12. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $296.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The company has a market capitalization of $64.91 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 3.70 and a beta of 0.82.

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. The firm had revenue of $2.99 billion for 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%. On average, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.32 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently announced 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 2.42%. Air Products and Chemicals’s payout ratio is presently 63.90%.

Wall Street Analyst Weigh In

A number of research firms have commented on APD. Bank of America upped their price target on Air Products and Chemicals from $275.00 to $312.00 and gave the company a “buy” rating in a research report on Monday, June 10th. BMO Capital Markets increased their price objective on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. UBS Group increased their price objective on Air Products and Chemicals from $276.00 to $281.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Barclays increased their price objective 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. Finally, StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $297.40.

About Air Products and Chemicals

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.