Park Avenue Securities LLC Buys 863 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Park Avenue Securities LLC boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,323 shares of the basic materials company’s stock after purchasing an additional 863 shares during the period. Park Avenue Securities LLC’s holdings in Air Products and Chemicals were worth $2,776,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its position in Air Products and Chemicals by 151.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 24,881 shares of the basic materials company’s stock valued at $6,028,000 after buying an additional 14,981 shares during the last quarter. 1832 Asset Management L.P. grew its position in Air Products and Chemicals by 3.6% in the first quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock worth $16,355,000 after acquiring an additional 2,321 shares in the last quarter. Trilogy Capital Inc. bought a new stake in Air Products and Chemicals in the 1st quarter worth approximately $2,625,000. FORA Capital LLC boosted its stake in shares of Air Products and Chemicals by 13.0% in the 1st quarter. FORA Capital LLC now owns 33,823 shares of the basic materials company’s stock valued at $8,194,000 after purchasing an additional 3,881 shares in the last quarter. Finally, Mizuho Markets Americas LLC increased its holdings in shares of Air Products and Chemicals by 140.1% in the first quarter. Mizuho Markets Americas LLC now owns 39,164 shares of the basic materials company’s stock worth $9,488,000 after buying an additional 22,850 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APD. Bank of America boosted their price target on Air Products and Chemicals from $275.00 to $312.00 and gave the company a “buy” rating in a report on Monday, June 10th. JPMorgan Chase & Co. lifted their price target on Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays increased 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. UBS Group boosted their target price on shares of Air Products and Chemicals from $276.00 to $281.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company increased their price target on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $296.50.

Air Products and Chemicals Stock Down 0.0 %

Air Products and Chemicals stock opened at $285.50 on Friday. The firm has a market cap of $63.47 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 3.89 and a beta of 0.82. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $302.03. The stock has a fifty day simple moving average of $280.67 and a two-hundred day simple moving average of $263.07.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. The business had revenue of $2.99 billion during 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%. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.33 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business 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 2.48%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently 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.