Marcum Wealth LLC Purchases 191 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Marcum Wealth LLC lifted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 14.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,472 shares of the basic materials company’s stock after buying an additional 191 shares during the quarter. Marcum Wealth LLC’s holdings in Air Products and Chemicals were worth $380,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in APD. Eos Management L.P. lifted its holdings in Air Products and Chemicals by 26.2% in the 4th quarter. Eos Management L.P. now owns 27,558 shares of the basic materials company’s stock worth $7,545,000 after purchasing an additional 5,727 shares during the last quarter. Roffman Miller Associates Inc. PA lifted its holdings in shares of Air Products and Chemicals by 3.6% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 65,192 shares of the basic materials company’s stock worth $17,850,000 after buying an additional 2,285 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Air Products and Chemicals by 151.3% during the first quarter. Avantax Advisory Services Inc. now owns 24,881 shares of the basic materials company’s stock worth $6,028,000 after buying an additional 14,981 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Air Products and Chemicals by 3.6% during the first quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock worth $16,355,000 after buying an additional 2,321 shares during the last quarter. Finally, Zenyatta Capital Management LP lifted its holdings in shares of Air Products and Chemicals by 46.7% during the fourth quarter. Zenyatta Capital Management LP now owns 22,000 shares of the basic materials company’s stock worth $6,024,000 after buying an additional 7,000 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 1.1 %

NYSE:APD traded down $3.06 during mid-day trading on Monday, hitting $278.68. The company had a trading volume of 1,110,554 shares, compared to its average volume of 1,764,689. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The business’s fifty day moving average is $265.80 and its two-hundred day moving average is $250.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.27. The firm has a market cap of $61.95 billion, a P/E ratio of 25.30, a P/E/G ratio of 3.17 and a beta of 0.81.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders 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 dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently 63.90%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company upped their price target on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. upped their target price on Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup upped their target price on Air Products and Chemicals from $280.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Bank of America upped their target price on Air Products and Chemicals from $275.00 to $312.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Barclays upped their price target on Air Products and Chemicals from $245.00 to $290.00 and gave the company an “equal weight” rating in a research report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Hold” and an average target price of $296.20.

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.