MainStreet Investment Advisors LLC Buys 1,745 Shares of Air Products & Chemicals, Inc. (NYSE:APD)

MainStreet Investment Advisors LLC grew its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 111.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,311 shares of the basic materials company’s stock after acquiring an additional 1,745 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Air Products & Chemicals were worth $661,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Argent Trust Co increased its holdings in shares of Air Products & Chemicals by 2.4% during the first quarter. Argent Trust Co now owns 2,308 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 55 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Air Products & Chemicals by 11.5% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 67,161 shares of the basic materials company’s stock valued at $13,406,000 after acquiring an additional 6,918 shares in the last quarter. National Asset Management Inc. increased its holdings in shares of Air Products & Chemicals by 25.2% during the first quarter. National Asset Management Inc. now owns 6,109 shares of the basic materials company’s stock valued at $1,220,000 after acquiring an additional 1,228 shares in the last quarter. Front Row Advisors LLC bought a new position in shares of Air Products & Chemicals during the first quarter valued at $35,000. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Air Products & Chemicals by 34.2% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 11,489 shares of the basic materials company’s stock valued at $2,293,000 after acquiring an additional 2,926 shares in the last quarter. Hedge funds and other institutional investors own 83.60% of the company’s stock.

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their target price on Air Products & Chemicals from $237.00 to $242.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Atlantic Securities raised Air Products & Chemicals to a “buy” rating in a research report on Monday, March 16th. Argus reissued a “buy” rating and issued a $234.00 target price (down previously from $276.00) on shares of Air Products & Chemicals in a research report on Wednesday, March 25th. SunTrust Banks boosted their target price on Air Products & Chemicals from $255.00 to $265.00 and gave the stock a “positive” rating in a research report on Monday, January 27th. Finally, Citigroup boosted their target price on Air Products & Chemicals from $256.00 to $261.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $247.33.

Shares of NYSE APD traded down $1.19 during midday trading on Friday, hitting $234.35. 775,139 shares of the company’s stock traded hands, compared to its average volume of 1,035,600. Air Products & Chemicals, Inc. has a 1 year low of $167.43 and a 1 year high of $257.01. The stock has a market capitalization of $52.02 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 2.94 and a beta of 0.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.37 and a current ratio of 2.59. The firm has a fifty day moving average of $219.14 and a 200 day moving average of $227.68.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.02). The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Air Products & Chemicals had a net margin of 21.66% and a return on equity of 16.36%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.00 earnings per share. On average, equities analysts anticipate that Air Products & Chemicals, Inc. will post 8.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be paid a dividend of $1.34 per share. The ex-dividend date is Tuesday, June 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.29%. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 65.29%.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

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