Atlas Capital Advisors LLC reduced its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 22.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 250 shares of the basic materials company’s stock after selling 71 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Air Products & Chemicals were worth $60,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of APD. Guggenheim Capital LLC lifted its stake in Air Products & Chemicals by 14.4% in the fourth quarter. Guggenheim Capital LLC now owns 111,921 shares of the basic materials company’s stock worth $26,300,000 after acquiring an additional 14,111 shares during the period. Brinker Capital Inc. bought a new position in Air Products & Chemicals in the 4th quarter worth $294,000. Sunbelt Securities Inc. purchased a new stake in shares of Air Products & Chemicals in the 4th quarter worth about $7,538,000. Norges Bank bought a new stake in shares of Air Products & Chemicals during the 4th quarter valued at about $125,937,000. Finally, TFG Advisers LLC purchased a new position in shares of Air Products & Chemicals during the fourth quarter valued at about $53,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Air Products & Chemicals stock opened at $286.63 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.32 and a current ratio of 3.48. The stock has a market capitalization of $62.91 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 3.87 and a beta of 0.85. Air Products & Chemicals, Inc. has a 52-week low of $167.43 and a 52-week high of $299.82. The company has a 50-day simple moving average of $260.72 and a two-hundred day simple moving average of $235.84.
Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.01 EPS for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.03. Air Products & Chemicals had a net margin of 21.58% and a return on equity of 15.96%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the company posted $2.17 earnings per share. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Air Products & Chemicals, Inc. will post 8.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Wednesday, September 30th. Air Products & Chemicals’s dividend payout ratio is currently 65.29%.
Several analysts have commented on APD shares. Zacks Investment Research lowered shares of Air Products & Chemicals from a “hold” rating to a “sell” rating and set a $230.00 price objective for the company. in a report on Monday, April 27th. SunTrust Banks lifted their price target on Air Products & Chemicals from $295.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, July 24th. They noted that the move was a valuation call. Monness Crespi & Hardt downgraded Air Products & Chemicals from a “buy” rating to a “neutral” rating in a report on Friday, July 24th. Sanford C. Bernstein upgraded shares of Air Products & Chemicals from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $246.00 to $262.00 in a report on Wednesday, April 15th. Finally, HSBC lowered shares of Air Products & Chemicals from a “buy” rating to a “hold” rating and set a $225.00 price target for the company. in a research note on Tuesday, June 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $282.44.
About Air Products & Chemicals
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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