Tilia Fiduciary Partners Inc. Grows Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Tilia Fiduciary Partners Inc. raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,340 shares of the basic materials company’s stock after buying an additional 60 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in Air Products and Chemicals were worth $399,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cape Investment Advisory Inc. grew its holdings in Air Products and Chemicals by 1.0% in the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock valued at $906,000 after purchasing an additional 37 shares during the period. First Citizens Bank & Trust Co. increased its holdings in shares of Air Products and Chemicals by 0.4% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 10,906 shares of the basic materials company’s stock worth $2,814,000 after buying an additional 39 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Air Products and Chemicals by 2.3% during the 2nd quarter. Verdence Capital Advisors LLC now owns 1,763 shares of the basic materials company’s stock worth $455,000 after buying an additional 39 shares during the last quarter. Stokes Family Office LLC boosted its holdings in Air Products and Chemicals by 3.4% in the second quarter. Stokes Family Office LLC now owns 1,213 shares of the basic materials company’s stock valued at $313,000 after acquiring an additional 40 shares during the last quarter. Finally, Invesco LLC grew its position in Air Products and Chemicals by 2.6% during the second quarter. Invesco LLC now owns 1,581 shares of the basic materials company’s stock valued at $408,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on APD shares. Barclays raised their price objective 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. BMO Capital Markets raised their price target on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a report on Monday. Finally, UBS Group increased their price target 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $313.53.

Air Products and Chemicals Stock Performance

Shares of APD traded up $2.66 during mid-day trading on Wednesday, reaching $313.02. 243,766 shares of the company’s stock traded hands, compared to its average volume of 1,620,104. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $313.09. 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 stock has a market capitalization of $69.59 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.82. The business’s 50-day moving average price is $282.53 and its 200-day moving average price is $264.30.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results 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. 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%. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.33 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. Stockholders of record on Tuesday, October 1st will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

Air Products and Chemicals 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.