Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Strategic Advisors LLC

Strategic Advisors LLC raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,493 shares of the basic materials company’s stock after purchasing an additional 53 shares during the quarter. Strategic Advisors LLC’s holdings in Air Products and Chemicals were worth $2,826,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cresset Asset Management LLC lifted its position in Air Products and Chemicals by 1.3% during the 4th quarter. Cresset Asset Management LLC now owns 43,144 shares of the basic materials company’s stock worth $11,885,000 after acquiring an additional 538 shares during the period. Jacobi Capital Management LLC grew its position in Air Products and Chemicals by 1.6% in the 4th quarter. Jacobi Capital Management LLC now owns 7,315 shares of the basic materials company’s stock valued at $2,003,000 after buying an additional 117 shares during the last quarter. Point72 Europe London LLP acquired a new position in Air Products and Chemicals in the 4th quarter valued at $2,142,000. First Long Island Investors LLC raised its position in Air Products and Chemicals by 20.6% during the 4th quarter. First Long Island Investors LLC now owns 47,892 shares of the basic materials company’s stock worth $13,113,000 after buying an additional 8,186 shares during the last quarter. Finally, Bridgefront Capital LLC lifted its stake in shares of Air Products and Chemicals by 81.7% in the 4th quarter. Bridgefront Capital LLC now owns 2,144 shares of the basic materials company’s stock worth $587,000 after acquiring an additional 964 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on APD shares. Citigroup boosted their price target on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday. Wells Fargo & Company raised their price target on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research note on Monday. JPMorgan Chase & Co. increased their price objective on Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $313.53.

Air Products and Chemicals Trading Up 0.6 %

NYSE:APD traded up $1.91 on Thursday, reaching $315.88. The stock had a trading volume of 1,487,782 shares, compared to its average volume of 1,630,304. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $323.86. The company has a market cap of $70.22 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 3.89 and a beta of 0.82. The firm’s fifty day moving average is $283.53 and its two-hundred day moving average is $264.65. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10.

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, beating the consensus estimate of $3.04 by $0.16. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. Equities analysts expect that Air Products and Chemicals, Inc. will post 12.33 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm 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 dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.90%.

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.