Legacy Financial Advisors Inc. Raises Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Legacy Financial Advisors Inc. increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 8.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,903 shares of the basic materials company’s stock after purchasing an additional 148 shares during the period. Legacy Financial Advisors Inc.’s holdings in Air Products and Chemicals were worth $491,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in APD. Security National Bank acquired a new stake in shares of 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 $28,000. Thompson Investment Management Inc. purchased a new stake in shares of Air Products and Chemicals in the first quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals during the second quarter worth about $32,000. Finally, Clear Investment Research LLC grew its holdings in shares of Air Products and Chemicals by 700.0% during the fourth quarter. Clear Investment Research LLC now owns 128 shares of the basic materials company’s stock worth $35,000 after buying an additional 112 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Up 0.1 %

APD opened at $287.98 on Friday. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $296.00. The company has a market cap of $64.02 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 3.70 and a beta of 0.82. The business’s fifty day moving average is $274.23 and its two-hundred day moving average is $259.67. 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 issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. Analysts anticipate that Air Products and Chemicals, Inc. will post 12.32 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 annualized dividend and a dividend yield of 2.46%. Air Products and Chemicals’s dividend payout ratio is currently 63.90%.

Analysts Set New Price Targets

APD has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. Morgan Stanley lifted their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. JPMorgan Chase & Co. upped their price objective on shares of 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. StockNews.com downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Finally, The Goldman Sachs Group increased their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $297.40.

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.