FinTrust Capital Advisors LLC Has $121,000 Stock Position in Air Products & Chemicals, Inc. (NYSE:APD)

FinTrust Capital Advisors LLC grew its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 141.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 533 shares of the basic materials company’s stock after purchasing an additional 312 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in Air Products & Chemicals were worth $121,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Wells Fargo & Company MN increased its position in shares of Air Products & Chemicals by 0.6% during the 1st quarter. Wells Fargo & Company MN now owns 3,943,516 shares of the basic materials company’s stock worth $753,054,000 after purchasing an additional 23,089 shares during the last quarter. Northern Trust Corp increased its position in shares of Air Products & Chemicals by 0.7% during the 1st quarter. Northern Trust Corp now owns 3,262,098 shares of the basic materials company’s stock worth $622,929,000 after purchasing an additional 22,480 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Air Products & Chemicals by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 2,636,556 shares of the basic materials company’s stock worth $421,179,000 after purchasing an additional 187,347 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Air Products & Chemicals by 6.7% during the 1st quarter. Neuberger Berman Group LLC now owns 2,220,621 shares of the basic materials company’s stock worth $424,050,000 after purchasing an additional 140,293 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Air Products & Chemicals by 25.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,044,236 shares of the basic materials company’s stock worth $167,161,000 after purchasing an additional 212,479 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

APD has been the topic of a number of recent analyst reports. Citigroup set a $260.00 target price on Air Products & Chemicals and gave the stock a “buy” rating in a report on Monday, July 15th. Deutsche Bank boosted their target price on Air Products & Chemicals from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, July 26th. KeyCorp boosted their target price on Air Products & Chemicals from $220.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Seaport Global Securities lowered Air Products & Chemicals from a “buy” rating to a “neutral” rating in a report on Friday, July 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Air Products & Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $234.71.

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

Shares of APD stock traded up $2.42 during trading on Friday, reaching $228.76. 681,400 shares of the company’s stock were exchanged, compared to its average volume of 1,170,643. The company has a quick ratio of 2.09, a current ratio of 2.28 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $50.41 billion, a PE ratio of 30.71, a PEG ratio of 2.22 and a beta of 0.84. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $232.47. The firm’s fifty day moving average price is $227.14 and its 200-day moving average price is $203.36.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, November 11th. Investors of record on Tuesday, October 1st will be paid a $1.16 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.64 annualized dividend and a yield of 2.03%. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 62.28%.

Air Products & Chemicals Company 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.

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

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