Air Products & Chemicals, Inc. (NYSE:APD) Shares Purchased by Zeke Capital Advisors LLC

Zeke Capital Advisors LLC increased its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,160 shares of the basic materials company’s stock after acquiring an additional 63 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Air Products & Chemicals were worth $942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Evermay Wealth Management LLC lifted its position in Air Products & Chemicals by 3.5% in the first quarter. Evermay Wealth Management LLC now owns 1,472 shares of the basic materials company’s stock valued at $281,000 after buying an additional 50 shares during the last quarter. Trustcore Financial Services LLC lifted its position in Air Products & Chemicals by 3.2% in the first quarter. Trustcore Financial Services LLC now owns 1,610 shares of the basic materials company’s stock valued at $307,000 after buying an additional 50 shares during the last quarter. Smith Shellnut Wilson LLC ADV lifted its position in Air Products & Chemicals by 3.3% in the first quarter. Smith Shellnut Wilson LLC ADV now owns 1,572 shares of the basic materials company’s stock valued at $300,000 after buying an additional 50 shares during the last quarter. Canandaigua National Bank & Trust Co. lifted its position in Air Products & Chemicals by 2.3% in the first quarter. Canandaigua National Bank & Trust Co. now owns 2,394 shares of the basic materials company’s stock valued at $457,000 after buying an additional 53 shares during the last quarter. Finally, Bank OZK lifted its position in Air Products & Chemicals by 3.5% in the first quarter. Bank OZK now owns 1,561 shares of the basic materials company’s stock valued at $298,000 after buying an additional 53 shares during the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of APD stock traded down $1.84 during trading hours on Monday, reaching $221.00. 35,898 shares of the stock were exchanged, compared to its average volume of 1,086,718. The stock has a fifty day moving average price of $225.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.28 and a quick ratio of 2.09. Air Products & Chemicals, Inc. has a 12-month low of $148.44 and a 12-month high of $232.47. The stock has a market cap of $49.10 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 2.23 and a beta of 0.84.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, July 25th. The basic materials company reported $2.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the firm earned $1.95 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, research analysts predict that Air Products & Chemicals, Inc. will post 8.24 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 11th. Investors of record on Tuesday, October 1st will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.10%. Air Products & Chemicals’s payout ratio is 62.28%.

A number of analysts have issued reports on APD shares. Vertical Research lowered shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Seaport Global Securities lowered shares of Air Products & Chemicals from a “buy” rating to a “neutral” rating in a research note on Friday, July 12th. They noted that the move was a valuation call. HSBC lowered shares of Air Products & Chemicals from a “buy” rating to a “hold” rating and cut their price target for the stock from $217.00 to $215.00 in a research note on Thursday. Zacks Investment Research lowered shares of Air Products & Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, Monness Crespi & Hardt reiterated a “buy” rating and set a $254.00 price target (up from $214.00) on shares of Air Products & Chemicals in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $233.77.

In related news, VP Russell A. Flugel sold 2,970 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $207.01, for a total transaction of $614,819.70. Following the sale, the vice president now directly owns 6,387 shares in the company, valued at $1,322,172.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Seifi Ghasemi bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average price of $227.16 per share, for a total transaction of $4,543,200.00. Following the completion of the purchase, the chief executive officer now directly owns 453,783 shares of the company’s stock, valued at approximately $103,081,346.28. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by corporate insiders.

Air Products & 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, 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 refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

Read More: How to Invest in Marijuana Stocks

Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.