Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,167 shares of the basic materials company’s stock after purchasing an additional 1,608 shares during the period. Raymond James Trust N.A.’s holdings in Air Products and Chemicals were worth $12,946,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors increased its holdings in shares of Air Products and Chemicals by 62.3% in the 1st quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock valued at $2,720,704,000 after acquiring an additional 4,309,040 shares during the last quarter. Norges Bank bought a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $852,288,000. Bank of New York Mellon Corp grew its stake 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 worth $491,730,000 after buying an additional 64,427 shares during the last quarter. Clearbridge Investments LLC grew its stake in Air Products and Chemicals by 50.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,547,202 shares of the basic materials company’s stock worth $374,841,000 after buying an additional 520,179 shares during the last quarter. Finally, Stifel Financial Corp grew its stake 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 worth $413,078,000 after buying an additional 168,959 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Up 0.5 %

Shares of NYSE:APD traded up $1.43 during midday trading on Friday, hitting $275.86. 514,167 shares of the stock were exchanged, compared to its average volume of 1,682,664. The company has a market capitalization of $61.33 billion, a PE ratio of 24.90, a P/E/G ratio of 3.17 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $307.71. 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 business’s fifty day simple moving average is $266.97 and its two-hundred day simple moving average is $252.67.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.04 by $0.16. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. As a group, research analysts predict that Air Products and Chemicals, Inc. will post 12.29 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s payout ratio is 63.90%.

Analyst Ratings Changes

A number of research analysts recently commented on APD shares. BMO Capital Markets upped their price objective on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and reduced their price target for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. TD Cowen boosted their price target on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. UBS Group boosted their price target on Air Products and Chemicals from $276.00 to $281.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Finally, Bank of America boosted their price target on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Air Products and Chemicals presently has an average rating of “Hold” and a consensus price target of $297.40.

Air Products and Chemicals 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.