1 week Ago By ABMN Staff
Parkside Financial Bank & Trust reduced its stake in shares of Air Products and Chemicals, Inc. ( NYSE:APD – Free Report ) by 22.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 700 shares of the basic materials company’s stock after selling 200 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Air Products and Chemicals were worth $181,000 at the end of the most recent reporting period. A number of other large investors also recently bought and sold shares of APD.
Avantax Advisory Services Inc. increased its holdings in shares of Air Products and Chemicals by 151.3% during the 1st quarter.
Avantax Advisory Services Inc. now owns 24,881 shares of the basic materials company’s stock valued at $6,028,000 after purchasing an additional 14,981 shares in the last quarter. 1832 Asset Management L.
P. raised its position in shares of Air Products and Chemicals by 3.6% in the first quarter.
1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock worth $16,355,000 after acquiring an additional 2,321 shares during the period.
TD Asset Management Inc boosted its stake in shares of Air Products and Chemicals by 1.6% during the 4th quarter. TD Asset Management Inc now owns 351,506 shares of the basic materials company’s stock worth $96,242,000 after acquiring an additional 5,502 shares in the last quarter.
Trilogy Capital Inc. acquired a new stake in shares of Air Products and Chemicals during the 1st quarter valued at about $2,625,000. Finally, Madison Asset Management LLC increased its stake in shares of Air Products and Chemicals by 8.
2% in the 4th quarter. Madison Asset Management LLC now owns 126,928 shares of the basic materials company’s stock valued at $34,753,000 after purchasing an additional 9,663 shares in the last quarter. 81.
66% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes A number of equities analysts have issued reports on the company. The Goldman Sachs Group increased their price target on Air Products and Chemicals from $291.
00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Morgan Stanley lifted their price target 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. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $240.
00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Citigroup lifted their target price on shares of Air Products and Chemicals from $280.
00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Barclays upped their price target on shares of Air Products and Chemicals from $290.
00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock.
According to MarketBeat.com, Air Products and Chemicals currently has an average rating of “Hold” and an average target price of $297.40.
Air Products and Chemicals Stock Down 1.8 % Shares of APD opened at $268.71 on Friday.
Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $307.
71. The company has a quick ratio of 1.10, a current ratio of 1.
27 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $268.
38 and a two-hundred day simple moving average of $256.18. The company has a market capitalization of $59.
74 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 3.72 and a beta of 0.
81. Air Products and Chemicals ( NYSE:APD – Get Free Report ) last issued its earnings results on Thursday, August 1st. The basic materials company reported $3.
20 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.04 billion.
As a group, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.32 EPS for the current year.
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 paid a dividend of $1.77 per share.
The ex-dividend date is Tuesday, October 1st. This represents a $7.08 annualized dividend and a yield of 2.
63%. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.90%.
About Air Products and Chemicals ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding APD? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. ( NYSE:APD – Free Report ). Receive News & Ratings for Air Products and Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals and related companies with MarketBeat.
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