RFG Advisory LLC Acquires 935 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

RFG Advisory LLC lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 15.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 7,167 shares of the basic materials company’s stock after buying an additional 935 shares during the period. RFG Advisory LLC’s holdings in Air Products and Chemicals were worth $1,849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in APD. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Air Products and Chemicals in the fourth quarter valued at $27,000. Roble Belko & Company Inc purchased a new position in shares of Air Products and Chemicals in the fourth quarter valued at $27,000. Sachetta LLC bought a new stake in Air Products and Chemicals in the fourth quarter worth $27,000. Security National Bank bought a new stake in Air Products and Chemicals in the fourth quarter worth $27,000. Finally, Thompson Investment Management Inc. bought a new stake in Air Products and Chemicals in the first quarter worth $27,000. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on APD. BMO Capital Markets raised their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. UBS Group raised their price target on Air Products and Chemicals from $257.00 to $268.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Morgan Stanley raised their price target on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. TD Cowen lifted their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their target price for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Hold” and an average target price of $296.53.

Air Products and Chemicals Stock Down 1.6 %

APD traded down $4.36 on Monday, hitting $273.87. The company had a trading volume of 1,113,984 shares, compared to its average volume of 1,741,749. The stock has a fifty day moving average price of $267.31 and a 200-day moving average price of $250.70. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.27. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $307.71. The stock has a market capitalization of $60.88 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 3.17 and a beta of 0.81.

Air Products and Chemicals Dividend Announcement

The company also recently announced 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 is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.59%. 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.