SeaCrest Wealth Management LLC boosted its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 1.8% in the fourth quarter, HoldingsChannel reports. The fund owned 2,993 shares of the basic materials company’s stock after acquiring an additional 53 shares during the period. SeaCrest Wealth Management LLC’s holdings in Air Products & Chemicals were worth $703,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Lenox Wealth Advisors LLC purchased a new position in shares of Air Products & Chemicals during the third quarter valued at approximately $27,000. Simon Quick Advisors LLC purchased a new position in Air Products & Chemicals during the fourth quarter valued at $33,000. Usca Ria LLC purchased a new position in Air Products & Chemicals during the third quarter valued at $43,000. Price Wealth LLC purchased a new position in Air Products & Chemicals during the fourth quarter valued at $49,000. Finally, Gradient Investments LLC boosted its holdings in Air Products & Chemicals by 35.5% in the third quarter. Gradient Investments LLC now owns 233 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 61 shares in the last quarter. 83.60% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on APD. Zacks Investment Research downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating and set a $243.00 price target for the company. in a report on Friday, January 3rd. Barclays increased their price objective on shares of Air Products & Chemicals from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Berenberg Bank assumed coverage on shares of Air Products & Chemicals in a research report on Tuesday, November 26th. They set a “hold” rating and a $241.00 price objective on the stock. UBS Group reduced their price objective on shares of Air Products & Chemicals from $232.00 to $230.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, Deutsche Bank lifted their target price on shares of Air Products & Chemicals from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 8th. They noted that the move was a valuation call. Thirteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Air Products & Chemicals presently has an average rating of “Hold” and a consensus price target of $240.76.
Air Products & Chemicals stock opened at $237.29 on Friday. Air Products & Chemicals, Inc. has a one year low of $154.78 and a one year high of $241.90. The business’s fifty day moving average is $233.18 and its 200 day moving average is $226.49. The stock has a market capitalization of $52.48 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.04 and a beta of 0.85. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.54 and a quick ratio of 2.32.
Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Friday, January 24th. The basic materials company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.29 billion. Air Products & Chemicals had a net margin of 19.73% and a return on equity of 15.88%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.86 earnings per share. As a group, sell-side analysts expect that Air Products & Chemicals, Inc. will post 9.47 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $1.34 per share. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.16. This represents a $5.36 dividend on an annualized basis and a yield of 2.26%. Air Products & Chemicals’s payout ratio is currently 56.52%.
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.
Further Reading: How Does the Quiet Period Work?
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 & Chemicals, Inc. (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.