Catalytic Wealth RIA LLC Has $293,000 Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Catalytic Wealth RIA LLC increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 18.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,210 shares of the basic materials company’s stock after purchasing an additional 189 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in Air Products and Chemicals were worth $293,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APD. Turtle Creek Wealth Advisors LLC acquired a new stake in Air Products and Chemicals in the fourth quarter worth about $27,000. Roble Belko & Company Inc acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $27,000. Sachetta LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $27,000. Security National Bank acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $27,000. Finally, Thompson Investment Management Inc. bought a new stake in Air Products and Chemicals in the 1st quarter valued at approximately $27,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

NYSE APD traded down $14.37 on Monday, reaching $248.54. The stock had a trading volume of 3,865,911 shares, compared to its average volume of 1,748,074. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31. The firm has a fifty day moving average of $264.68 and a two-hundred day moving average of $250.01. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71. The company has a market cap of $55.25 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 2.90 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the firm posted $2.74 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.26 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently announced 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 2.85%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 63.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on APD shares. JPMorgan Chase & Co. cut their target price on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Barclays boosted their target price on Air Products and Chemicals from $245.00 to $290.00 and gave the company an “equal weight” rating in a research note on Monday, June 10th. TD Cowen upped their price objective on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. UBS Group upped their price objective on Air Products and Chemicals from $257.00 to $268.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Finally, BMO Capital Markets upped their price objective on Air Products and Chemicals from $294.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $289.29.

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.