Foresight Capital Management Advisors Inc. Acquires 286 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Foresight Capital Management Advisors Inc. grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,759 shares of the basic materials company’s stock after buying an additional 286 shares during the period. Foresight Capital Management Advisors Inc.’s holdings in Air Products and Chemicals were worth $1,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APD. O Keefe Stevens Advisory Inc. lifted its position in shares of Air Products and Chemicals by 31.6% in the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 1,361 shares of the basic materials company’s stock worth $351,000 after purchasing an additional 327 shares during the period. Legacy Financial Strategies LLC lifted its holdings in Air Products and Chemicals by 9.2% in the second quarter. Legacy Financial Strategies LLC now owns 9,828 shares of the basic materials company’s stock worth $2,486,000 after buying an additional 828 shares during the period. Enterprise Bank & Trust Co bought a new stake in Air Products and Chemicals during the 2nd quarter valued at approximately $211,000. S.A. Mason LLC grew its holdings in shares of Air Products and Chemicals by 5.7% during the 2nd quarter. S.A. Mason LLC now owns 932 shares of the basic materials company’s stock worth $241,000 after acquiring an additional 50 shares during the period. Finally, NovaPoint Capital LLC raised its position in shares of Air Products and Chemicals by 7.3% in the 2nd quarter. NovaPoint Capital LLC now owns 11,957 shares of the basic materials company’s stock worth $3,086,000 after acquiring an additional 809 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

NYSE:APD traded up $1.77 during mid-day trading on Thursday, reaching $279.21. The company’s stock had a trading volume of 937,665 shares, compared to its average volume of 1,749,255. The company has a current ratio of 1.27, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. The stock has a market cap of $62.07 billion, a P/E ratio of 25.20, a PEG ratio of 3.17 and a beta of 0.81. The firm’s fifty day moving average price is $267.08 and its two-hundred day moving average price is $250.71. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.54%. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.90%.

Wall Street Analyst Weigh In

APD has been the topic of several recent research reports. TD Cowen upped their price target on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Bank of America increased their price target on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. boosted their price objective on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. The Goldman Sachs Group upped their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday. Finally, Barclays lifted their target price on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals has an average rating of “Hold” and a consensus price target of $296.53.

Air Products and Chemicals Company 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.