Blair William & Co. IL Acquires 3,734 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Blair William & Co. IL grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 5.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 78,032 shares of the basic materials company’s stock after acquiring an additional 3,734 shares during the period. Blair William & Co. IL’s holdings in Air Products and Chemicals were worth $22,114,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BDO Wealth Advisors LLC boosted its position 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 worth $27,000 after purchasing an additional 45 shares in the last quarter. Jones Financial Companies Lllp boosted its position 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 worth $37,000 after purchasing an additional 70 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position 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 worth $37,000 after purchasing an additional 38 shares in the last quarter. Artemis Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter worth approximately $39,000. Finally, ICA Group Wealth Management LLC bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $44,000. 82.62% of the stock is owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of APD opened at $219.84 on Friday. The firm has a market cap of $48.87 billion, a PE ratio of 20.98, a P/E/G ratio of 2.41 and a beta of 0.85. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $261.64 and a two-hundred day simple moving average of $276.92. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71.

Air Products and Chemicals (NYSE:APDGet Free Report) last announced its earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. Air Products and Chemicals’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.64 earnings per share. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.41 EPS for the current year.

Air Products and Chemicals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 3.22%. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.75. The ex-dividend date is Thursday, March 28th. Air Products and Chemicals’s dividend payout ratio is 66.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on APD shares. Mizuho dropped their price target on Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Redburn Atlantic cut Air Products and Chemicals from a “buy” rating to a “sell” rating and set a $240.00 price objective on the stock. in a research report on Friday, November 17th. JPMorgan Chase & Co. lowered their price objective on Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. StockNews.com cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Finally, Morgan Stanley lowered their price objective on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Air Products and Chemicals has an average rating of “Hold” and an average target price of $281.75.

View Our Latest Stock Analysis on Air Products and Chemicals

Insider Transactions at Air Products and Chemicals

In related news, CEO Seifi Ghasemi acquired 11,000 shares of Air Products and Chemicals stock in a transaction dated Monday, November 13th. The stock was purchased at an average cost of $264.42 per share, for a total transaction of $2,908,620.00. Following the purchase, the chief executive officer now directly owns 670,673 shares of the company’s stock, valued at approximately $177,339,354.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is currently owned by company insiders.

About Air Products and Chemicals

(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.

Further Reading

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

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