Pathway Financial Advisers LLC Acquires 353 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Pathway Financial Advisers LLC increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,630 shares of the basic materials company’s stock after acquiring an additional 353 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Air Products and Chemicals were worth $2,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Security National Bank bought a new stake in shares of Air Products and Chemicals in the fourth quarter worth about $27,000. Thompson Investment Management Inc. purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $27,000. Transcendent Capital Group LLC purchased a new position in Air Products and Chemicals during the fourth quarter valued at $28,000. Meeder Asset Management Inc. bought a new stake in Air Products and Chemicals during the second quarter worth about $32,000. Finally, Hexagon Capital Partners LLC grew its holdings in Air Products and Chemicals by 2,250.0% in the first 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 during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on APD shares. The Goldman Sachs Group lifted their price objective on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Morgan Stanley boosted their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. JPMorgan Chase & Co. upped their price target on Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company raised 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. Finally, Citigroup boosted their price objective on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the company a “buy” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $296.50.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock opened at $297.74 on Tuesday. The stock has a 50 day moving average price of $278.33 and a 200-day moving average price of $261.96. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $302.03. The stock has a market cap of $66.19 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 3.89 and a beta of 0.82. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data 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. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Equities analysts expect that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced 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. This represents a $7.08 annualized dividend and a yield of 2.38%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s payout ratio is 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.