Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Certified Advisory Corp

Certified Advisory Corp lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 70.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,135 shares of the basic materials company’s stock after buying an additional 1,714 shares during the period. Certified Advisory Corp’s holdings in Air Products and Chemicals were worth $1,132,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of APD. Assetmark Inc. boosted its stake in shares of Air Products and Chemicals by 5.1% in the fourth quarter. Assetmark Inc. now owns 37,692 shares of the basic materials company’s stock valued at $10,320,000 after purchasing an additional 1,815 shares during the period. CreativeOne Wealth LLC grew its stake in shares of Air Products and Chemicals by 46.4% during the fourth quarter. CreativeOne Wealth LLC now owns 1,348 shares of the basic materials company’s stock valued at $369,000 after acquiring an additional 427 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Air Products and Chemicals during the fourth quarter worth about $230,000. Trexquant Investment LP lifted its stake in shares of Air Products and Chemicals by 376.8% in the fourth quarter. Trexquant Investment LP now owns 18,733 shares of the basic materials company’s stock worth $5,129,000 after acquiring an additional 14,804 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Air Products and Chemicals by 5.1% in the fourth quarter. Corient Private Wealth LLC now owns 423,319 shares of the basic materials company’s stock valued at $115,904,000 after purchasing an additional 20,681 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

Shares of APD stock traded down $1.08 during trading hours on Wednesday, reaching $263.58. The stock had a trading volume of 356,156 shares, compared to its average volume of 1,716,569. The firm has a market capitalization of $58.60 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 2.88 and a beta of 0.80. The firm has a 50-day simple moving average of $241.83 and a 200-day simple moving average of $251.44. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31.

Air Products and Chemicals (NYSE:APDGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.74 EPS. As a group, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be paid a dividend of $1.77 per share. The ex-dividend date is Friday, June 28th. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.69%. Air Products and Chemicals’s dividend payout ratio is presently 63.90%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. BMO Capital Markets raised their price objective on shares of Air Products and Chemicals from $250.00 to $263.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Mizuho cut their target price on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Argus downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Finally, TheStreet cut Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $273.77.

Read Our Latest Analysis on APD

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.

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

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