180 Wealth Advisors LLC cut its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 14.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,517 shares of the basic materials company’s stock after selling 598 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Air Products & Chemicals were worth $548,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of APD. Bruderman Asset Management LLC purchased a new stake in shares of Air Products & Chemicals during the first quarter worth approximately $104,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Air Products & Chemicals during the first quarter worth approximately $114,000. Private Capital Group LLC increased its position in shares of Air Products & Chemicals by 2,231.4% during the first quarter. Private Capital Group LLC now owns 816 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 781 shares in the last quarter. IMS Capital Management purchased a new stake in shares of Air Products & Chemicals during the second quarter worth approximately $146,000. Finally, Vigilant Capital Management LLC purchased a new stake in shares of Air Products & Chemicals during the second quarter worth approximately $158,000. Institutional investors and hedge funds own 87.00% of the company’s stock.
Several brokerages recently commented on APD. Credit Suisse Group set a $181.00 price target on Air Products & Chemicals and gave the stock a “hold” rating in a research report on Thursday, April 26th. Citigroup boosted their price target on Air Products & Chemicals from $185.00 to $198.00 and gave the stock a “buy” rating in a research report on Monday, April 30th. Zacks Investment Research upgraded Air Products & Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, April 30th. Susquehanna Bancshares boosted their price target on Air Products & Chemicals from $200.00 to $215.00 and gave the stock a “positive” rating in a research report on Wednesday, August 1st. Finally, ValuEngine cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Air Products & Chemicals currently has a consensus rating of “Buy” and an average price target of $183.47.
NYSE APD opened at $166.61 on Friday. The firm has a market cap of $34.62 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 1.31 and a beta of 1.09. The company has a current ratio of 2.40, a quick ratio of 2.24 and a debt-to-equity ratio of 0.35. Air Products & Chemicals, Inc. has a fifty-two week low of $143.79 and a fifty-two week high of $175.17.
Air Products & Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.11. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.31 billion. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 earnings per share. equities analysts anticipate that Air Products & Chemicals, Inc. will post 7.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 12th. Shareholders of record on Monday, October 1st will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, September 28th. Air Products & Chemicals’s dividend payout ratio (DPR) is currently 69.73%.
Air Products & Chemicals Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.
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