Catalytic Wealth RIA LLC Purchases 189 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Catalytic Wealth RIA LLC grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 18.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,210 shares of the basic materials company’s stock after acquiring an additional 189 shares during the period. Catalytic Wealth RIA LLC’s holdings in Air Products and Chemicals were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of APD. Capital Research Global Investors boosted its holdings in Air Products and Chemicals by 167.2% during the 4th quarter. Capital Research Global Investors now owns 6,921,011 shares of the basic materials company’s stock valued at $1,894,973,000 after acquiring an additional 4,330,471 shares during the period. Norges Bank purchased a new stake in Air Products and Chemicals during the 4th quarter valued at about $852,288,000. Raymond James & Associates boosted its holdings in Air Products and Chemicals by 8.7% during the 1st quarter. Raymond James & Associates now owns 2,099,419 shares of the basic materials company’s stock valued at $508,626,000 after acquiring an additional 167,800 shares during the period. Bank of New York Mellon Corp boosted its holdings in Air Products and Chemicals by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,029,678 shares of the basic materials company’s stock valued at $491,730,000 after acquiring an additional 64,427 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Air Products and Chemicals by 12.6% during the 4th quarter. Stifel Financial Corp now owns 1,508,625 shares of the basic materials company’s stock valued at $413,078,000 after acquiring an additional 168,959 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APD. Citigroup increased their price objective on Air Products and Chemicals from $280.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, July 12th. TD Cowen increased their price objective on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Bank of America increased their price objective on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a report on Monday, June 10th. UBS Group increased their price objective on Air Products and Chemicals from $257.00 to $268.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Finally, Morgan Stanley increased their price objective on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Air Products and Chemicals has an average rating of “Hold” and an average price target of $289.29.

Air Products and Chemicals Stock Down 5.5 %

APD stock traded down $14.37 on Monday, reaching $248.54. 3,865,911 shares of the company traded hands, compared to its average volume of 1,748,074. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71. 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 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. The firm has a fifty day simple moving average of $264.68 and a 200-day simple moving average of $250.01.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share 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 company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the company earned $2.74 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Research analysts anticipate that Air Products and Chemicals, Inc. will post 12.26 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a 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 presently 63.90%.

About Air Products and Chemicals

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.