TIAA Trust National Association Purchases 38,049 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

TIAA Trust National Association raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 205.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,528 shares of the basic materials company’s stock after buying an additional 38,049 shares during the quarter. TIAA Trust National Association’s holdings in Air Products and Chemicals were worth $13,695,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venture Visionary Partners LLC increased its position in shares of Air Products and Chemicals by 1.5% during the fourth quarter. Venture Visionary Partners LLC now owns 2,907 shares of the basic materials company’s stock valued at $796,000 after acquiring an additional 43 shares during the last quarter. Applied Capital LLC FL increased its position in shares of Air Products and Chemicals by 2.0% during the 4th quarter. Applied Capital LLC FL now owns 2,223 shares of the basic materials company’s stock valued at $609,000 after purchasing an additional 43 shares during the last quarter. Mycio Wealth Partners LLC raised its stake in shares of Air Products and Chemicals by 0.6% during the 4th quarter. Mycio Wealth Partners LLC now owns 7,044 shares of the basic materials company’s stock worth $1,929,000 after purchasing an additional 44 shares during the period. Wetzel Investment Advisors Inc. boosted its holdings in shares of Air Products and Chemicals by 4.2% in the 1st quarter. Wetzel Investment Advisors Inc. now owns 1,104 shares of the basic materials company’s stock worth $257,000 after buying an additional 45 shares during the last quarter. Finally, Insight Folios Inc grew its position in Air Products and Chemicals by 3.6% during the first quarter. Insight Folios Inc now owns 1,324 shares of the basic materials company’s stock valued at $321,000 after buying an additional 46 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

NYSE APD traded down $3.68 on Friday, hitting $262.91. The stock had a trading volume of 762,658 shares, compared to its average volume of 1,952,141. The firm has a 50-day moving average of $264.72 and a 200-day moving average of $250.31. The company has a market capitalization of $58.45 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 2.90 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $307.71.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.74 earnings per share. Equities analysts expect that Air Products and Chemicals, Inc. will post 12.26 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently 63.90%.

Analyst Upgrades and Downgrades

APD has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Air Products and Chemicals from $260.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. reduced their price objective on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. BMO Capital Markets raised their target price on Air Products and Chemicals from $294.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. TD Cowen upped their price target on Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Bank of America lifted their price objective on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a report on Monday, June 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $291.43.

Air Products and Chemicals 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.