Toroso Investments LLC increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD – Get Rating) by 109.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,607 shares of the basic materials company’s stock after buying an additional 5,031 shares during the quarter. Toroso Investments LLC’s holdings in Air Products and Chemicals were worth $2,401,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in APD. SJS Investment Consulting Inc. acquired a new stake in Air Products and Chemicals during the 1st quarter worth $30,000. Rise Advisors LLC raised its stake in Air Products and Chemicals by 57.7% during the 1st quarter. Rise Advisors LLC now owns 123 shares of the basic materials company’s stock worth $31,000 after buying an additional 45 shares during the period. Rational Advisors LLC raised its stake in Air Products and Chemicals by 68.6% during the 1st quarter. Rational Advisors LLC now owns 145 shares of the basic materials company’s stock worth $36,000 after buying an additional 59 shares during the period. Quent Capital LLC acquired a new stake in Air Products and Chemicals during the 4th quarter worth $40,000. Finally, FinTrust Capital Advisors LLC raised its stake in shares of Air Products and Chemicals by 617.4% in the 1st quarter. FinTrust Capital Advisors LLC now owns 165 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.
Air Products and Chemicals Trading Down 2.6 %
Shares of APD stock opened at $248.47 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 0.48. Air Products and Chemicals, Inc. has a 12-month low of $216.24 and a 12-month high of $316.39. The firm has a 50 day moving average price of $250.03 and a two-hundred day moving average price of $243.78. The company has a market capitalization of $55.11 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.75 and a beta of 0.79.
Air Products and Chemicals (NYSE:APD – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The basic materials company reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $0.01. Air Products and Chemicals had a net margin of 19.08% and a return on equity of 15.61%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the business earned $2.31 earnings per share. The firm’s quarterly revenue was up 22.4% on a year-over-year basis. As a group, analysts predict that Air Products and Chemicals, Inc. will post 10.29 earnings per share for the current year.
Air Products and Chemicals Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, October 3rd will be given a $1.62 dividend. The ex-dividend date is Friday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 2.61%. Air Products and Chemicals’s payout ratio is 63.16%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on APD. Credit Suisse Group dropped their price target on Air Products and Chemicals from $302.00 to $290.00 and set an “outperform” rating on the stock in a research note on Friday, May 20th. Deutsche Bank Aktiengesellschaft lifted their price target on Air Products and Chemicals from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Mizuho dropped their price target on Air Products and Chemicals from $312.00 to $286.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th. Atlantic Securities raised Air Products and Chemicals from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $280.00 to $290.00 in a research note on Wednesday, May 25th. Finally, Bank of America decreased their price objective on Air Products and Chemicals from $272.00 to $271.00 and set a “neutral” rating for the company in a report on Wednesday, July 13th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $292.56.
Air Products and Chemicals Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; 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 refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.
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