Conscious Wealth Investments LLC Increases Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Conscious Wealth Investments LLC boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,671 shares of the basic materials company’s stock after buying an additional 50 shares during the quarter. Air Products and Chemicals makes up approximately 2.0% of Conscious Wealth Investments LLC’s portfolio, making the stock its 29th biggest position. Conscious Wealth Investments LLC’s holdings in Air Products and Chemicals were worth $2,731,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of APD. Dimensional Fund Advisors LP boosted its position in Air Products and Chemicals by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,181,985 shares of the basic materials company’s stock valued at $305,094,000 after buying an additional 84,176 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Air Products and Chemicals by 127.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after acquiring an additional 1,564,169 shares during the period. Angeles Investment Advisors LLC grew its position in Air Products and Chemicals by 3.8% during the 2nd quarter. Angeles Investment Advisors LLC now owns 2,299 shares of the basic materials company’s stock worth $593,000 after acquiring an additional 84 shares during the last quarter. Pine Harbor Wealth Management LLC increased its stake in Air Products and Chemicals by 9.4% in the 2nd quarter. Pine Harbor Wealth Management LLC now owns 1,238 shares of the basic materials company’s stock worth $319,000 after purchasing an additional 106 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in Air Products and Chemicals in the second quarter valued at approximately $2,184,000. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on APD shares. StockNews.com downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Morgan Stanley upped their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. BMO Capital Markets raised their target price on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their price target on Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. 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 research report on Monday, June 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $297.40.

Air Products and Chemicals Stock Up 1.7 %

NYSE:APD opened at $288.87 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The firm’s 50-day moving average price is $271.74 and its 200-day moving average price is $258.40. The company has a market capitalization of $64.22 billion, a PE ratio of 26.07, a P/E/G ratio of 3.70 and a beta of 0.82. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $301.90.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. On average, equities analysts predict that Air Products and Chemicals, Inc. will post 12.32 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

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. This represents a $7.08 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

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.