Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Advisor OS LLC

Advisor OS LLC raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 10.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,498 shares of the basic materials company’s stock after purchasing an additional 434 shares during the period. Advisor OS LLC’s holdings in Air Products and Chemicals were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of APD. Sachetta LLC acquired a new position in Air Products and Chemicals in the fourth quarter valued at $27,000. Security National Bank acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth about $27,000. Thompson Investment Management Inc. acquired a new stake in shares of Air Products and Chemicals during the first quarter worth about $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth about $28,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Air Products and Chemicals by 2,250.0% during the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on APD shares. StockNews.com downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday. BMO Capital Markets increased their target price on shares of 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. JPMorgan Chase & Co. increased their target price on shares of 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. Deutsche Bank Aktiengesellschaft downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their target price for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. 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 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $297.40.

Air Products and Chemicals Trading Down 1.8 %

Shares of Air Products and Chemicals stock opened at $268.71 on Friday. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $307.71. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The stock has a market cap of $59.74 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 3.72 and a beta of 0.81. The company has a 50-day moving average of $268.38 and a two-hundred day moving average of $255.98.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. On average, research 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 announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be issued a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.63%. 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.