Orion Portfolio Solutions LLC Lowers Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Orion Portfolio Solutions LLC lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,162 shares of the basic materials company’s stock after selling 123 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Air Products and Chemicals were worth $9,115,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BDO Wealth Advisors LLC raised its holdings in shares of Air Products and Chemicals by 102.3% in the 2nd quarter. BDO Wealth Advisors LLC now owns 89 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 45 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Air Products and Chemicals by 132.1% in the 2nd quarter. Jones Financial Companies Lllp now owns 123 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 70 shares in the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of Air Products and Chemicals by 40.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 38 shares in the last quarter. Solstein Capital LLC raised its holdings in shares of Air Products and Chemicals by 173.9% in the 2nd quarter. Solstein Capital LLC now owns 126 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 80 shares in the last quarter. Finally, Artemis Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at about $39,000. Institutional investors own 82.62% of the company’s stock.

Insider Activity

In other Air Products and Chemicals news, CEO Seifi Ghasemi acquired 11,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $264.42 per share, with a total value of $2,908,620.00. Following the acquisition, the chief executive officer now directly owns 670,673 shares of the company’s stock, valued at $177,339,354.66. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APD. Redburn Atlantic lowered shares of Air Products and Chemicals from a “buy” rating to a “sell” rating and set a $240.00 price target for the company. in a report on Friday, November 17th. JPMorgan Chase & Co. reduced their price objective on shares of Air Products and Chemicals from $310.00 to $295.00 and set an “overweight” rating for the company in a research note on Wednesday, November 8th. Jefferies Financial Group boosted their price objective on shares of Air Products and Chemicals from $300.00 to $310.00 and gave the stock a “hold” rating in a research note on Tuesday, September 26th. StockNews.com initiated coverage on shares of Air Products and Chemicals in a research note on Thursday, October 5th. They set a “hold” rating for the company. Finally, Citigroup boosted their price objective on shares of Air Products and Chemicals from $328.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Hold” and an average price target of $314.10.

Get Our Latest Stock Analysis on Air Products and Chemicals

Air Products and Chemicals Trading Down 0.1 %

Shares of Air Products and Chemicals stock opened at $260.14 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. Air Products and Chemicals, Inc. has a 12-month low of $251.63 and a 12-month high of $320.90. The firm has a market capitalization of $57.81 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.80 and a beta of 0.84. The firm’s 50 day simple moving average is $269.43 and its two-hundred day simple moving average is $282.68.

Air Products and Chemicals (NYSE:APDGet Free Report) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.04. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.35 billion. Air Products and Chemicals had a net margin of 18.26% and a return on equity of 17.02%. Air Products and Chemicals’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.89 EPS. Analysts predict that Air Products and Chemicals, Inc. will post 12.99 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Tuesday, January 2nd will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Friday, December 29th. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 67.83%.

Air Products and Chemicals Profile

(Free Report)

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.

See Also

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

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