U.S. Capital Wealth Advisors LLC Reduces Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

U.S. Capital Wealth Advisors LLC lowered its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,054 shares of the basic materials company’s stock after selling 103 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $788,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Global Trust Asset Management LLC boosted its stake in shares of Air Products and Chemicals by 10.8% during the second quarter. Global Trust Asset Management LLC now owns 1,707 shares of the basic materials company’s stock valued at $440,000 after acquiring an additional 167 shares during the last quarter. Buffington Mohr McNeal boosted its stake in shares of Air Products and Chemicals by 0.6% during the second quarter. Buffington Mohr McNeal now owns 31,346 shares of the basic materials company’s stock valued at $8,089,000 after acquiring an additional 182 shares during the last quarter. CX Institutional acquired a new stake in shares of Air Products and Chemicals during the second quarter valued at $338,000. Wesbanco Bank Inc. boosted its stake in shares of Air Products and Chemicals by 1.4% during the second quarter. Wesbanco Bank Inc. now owns 10,954 shares of the basic materials company’s stock valued at $2,827,000 after acquiring an additional 150 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. boosted its stake in shares of Air Products and Chemicals by 6.4% during the second quarter. Foresight Capital Management Advisors Inc. now owns 4,759 shares of the basic materials company’s stock valued at $1,228,000 after acquiring an additional 286 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on APD shares. Barclays raised their price target on Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday. BMO Capital Markets lifted their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Monday. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their price target for the company from $310.00 to $280.00 in a report on Monday, July 22nd. Finally, Wells Fargo & Company boosted their target price on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Hold” and an average price target of $296.53.

Air Products and Chemicals Stock Down 0.4 %

Air Products and Chemicals stock traded down $0.98 during midday trading on Friday, hitting $278.23. 1,228,659 shares of the company were exchanged, compared to its average volume of 1,745,852. The company’s fifty day moving average price is $267.08 and its 200-day moving average price is $250.71. The company has a market cap of $61.85 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 3.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.31. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71.

Air Products and Chemicals Announces Dividend

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

About Air Products and Chemicals

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.