1832 Asset Management L.P. Raises Position in Air Products and Chemicals, Inc. (NYSE:APD)

1832 Asset Management L.P. raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,507 shares of the basic materials company’s stock after buying an additional 2,321 shares during the period. 1832 Asset Management L.P.’s holdings in Air Products and Chemicals were worth $16,355,000 as of its most recent SEC filing.

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

Air Products and Chemicals Trading Up 0.9 %

Shares of Air Products and Chemicals stock traded up $2.34 during trading on Friday, hitting $260.98. 1,042,927 shares of the company were exchanged, compared to its average volume of 1,659,557. The firm has a market capitalization of $58.02 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 2.88 and a beta of 0.81. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71. The firm’s fifty day moving average price is $265.00 and its 200 day moving average price is $249.83. 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:APD) last released its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.70 by $0.15. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.74 EPS. As a group, sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.26 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently declared 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 2.71%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

Analyst Ratings Changes

APD has been the subject of a number of research reports. Bank of America lifted their target price on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Barclays upped their target price on shares of Air Products and Chemicals from $245.00 to $290.00 and gave the company an “equal weight” rating in a research note on Monday, June 10th. BMO Capital Markets upped their target price on shares of Air Products and Chemicals from $294.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and cut their price target for the company from $310.00 to $280.00 in a report on Monday, July 22nd. Finally, StockNews.com cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $289.29.

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.