Air Products and Chemicals, Inc. $APD Shares Newly Acquired by Americana Partners LLC

Americana Partners LLC bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 90,431 shares of the basic materials company’s stock, valued at approximately $25,161,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Modera Wealth Management LLC raised its position in Air Products and Chemicals by 2.3% in the third quarter. Modera Wealth Management LLC now owns 11,457 shares of the basic materials company’s stock valued at $3,188,000 after purchasing an additional 253 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Air Products and Chemicals by 360.2% during the 3rd quarter. International Assets Investment Management LLC now owns 11,616 shares of the basic materials company’s stock worth $3,232,000 after acquiring an additional 9,092 shares during the last quarter. Soltis Investment Advisors LLC boosted its holdings in shares of Air Products and Chemicals by 7.3% in the 3rd quarter. Soltis Investment Advisors LLC now owns 1,386 shares of the basic materials company’s stock worth $386,000 after buying an additional 94 shares during the last quarter. United Asset Strategies Inc. lifted its holdings in Air Products and Chemicals by 1.3% during the third quarter. United Asset Strategies Inc. now owns 26,802 shares of the basic materials company’s stock valued at $7,457,000 after purchasing an additional 334 shares during the last quarter. Finally, Choreo LLC grew its position in shares of Air Products and Chemicals by 1.7% during the 3rd quarter. Choreo LLC now owns 16,860 shares of the basic materials company’s stock valued at $4,690,000 after purchasing an additional 274 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on APD. Royal Bank Of Canada lowered their price target on Air Products and Chemicals from $360.00 to $346.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Mizuho increased their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Wells Fargo & Company boosted their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Argus boosted their price target on Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $333.88.

Check Out Our Latest Report on APD

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $316.37 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The business has a 50-day simple moving average of $294.27 and a 200-day simple moving average of $289.73. The company has a market cap of $70.45 billion, a PE ratio of 23.58, a P/E/G ratio of 2.94 and a beta of 0.76. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $316.64.

Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.09 earnings per share. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.46 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 Monday, February 8th. Investors of record on Monday, January 4th will be issued a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, January 4th. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -3,290.91%.

Air Products and Chemicals Company Profile

(Free Report)

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.

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

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