Mathes Company Inc. Increases Position in Air Products and Chemicals, Inc. (NYSE:APD)

Mathes Company Inc. lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,035 shares of the basic materials company’s stock after purchasing an additional 101 shares during the period. Mathes Company Inc.’s holdings in Air Products and Chemicals were worth $2,589,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sachetta LLC purchased a new position in shares of Air Products and Chemicals in the 4th quarter valued at about $27,000. Security National Bank acquired a new position in Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Transcendent Capital Group LLC acquired a new position in Air Products and Chemicals in the fourth quarter valued at approximately $28,000. Thompson Investment Management Inc. acquired a new position in Air Products and Chemicals in the first quarter valued at approximately $27,000. Finally, Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

APD has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on 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. Bank of America upped their price target on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. BMO Capital Markets upped their price target 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. StockNews.com cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Finally, Barclays upped their price target 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $297.40.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $287.27 on Thursday. The firm has a market capitalization of $63.86 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 3.70 and a beta of 0.81. The business’s fifty day moving average price is $273.10 and its 200 day moving average price is $258.99. 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, Inc. has a 12 month low of $212.24 and a 12 month high of $301.03.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.04 by $0.16. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.32 earnings per share 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 issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 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.