Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Advisor OS LLC

Advisor OS LLC lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 10.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,498 shares of the basic materials company’s stock after buying an additional 434 shares during the period. Advisor OS LLC’s holdings in Air Products and Chemicals were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avantax Advisory Services Inc. increased its holdings in shares of Air Products and Chemicals by 151.3% during the 1st 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. increased its holdings in Air Products and Chemicals by 3.6% in the 1st quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock valued at $16,355,000 after purchasing an additional 2,321 shares during the last quarter. TD Asset Management Inc increased its holdings in Air Products and Chemicals by 1.6% in the 4th quarter. TD Asset Management Inc now owns 351,506 shares of the basic materials company’s stock valued at $96,242,000 after purchasing an additional 5,502 shares during the last quarter. Trilogy Capital Inc. purchased a new stake in Air Products and Chemicals in the first quarter valued at approximately $2,625,000. Finally, Madison Asset Management LLC raised its position in Air Products and Chemicals by 8.2% in the fourth quarter. Madison Asset Management LLC now owns 126,928 shares of the basic materials company’s stock valued at $34,753,000 after purchasing an additional 9,663 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $268.71 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average price of $268.38 and a 200 day moving average price of $255.98. The company has a market cap of $59.74 billion, a P/E ratio of 24.25, a PEG ratio of 3.72 and a beta of 0.81. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. Sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.32 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be paid a $1.77 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $7.08 annualized dividend and a yield of 2.63%. Air Products and Chemicals’s dividend payout ratio is presently 63.90%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on APD shares. BMO Capital Markets boosted their target price on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Morgan Stanley boosted their target price on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Wells Fargo & Company boosted their target price on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. The Goldman Sachs Group boosted their target price on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and cut their target price for the company from $310.00 to $280.00 in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $297.40.

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.