Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,235 shares of the basic materials company’s stock after purchasing an additional 612 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Air Products and Chemicals were worth $5,530,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital International Investors grew its position in shares of Air Products and Chemicals by 14.0% in the 1st quarter. Capital International Investors now owns 7,140,275 shares of the basic materials company’s stock worth $2,008,912,000 after acquiring an additional 878,022 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Air Products and Chemicals by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 3,457,570 shares of the basic materials company’s stock worth $970,200,000 after buying an additional 69,469 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Air Products and Chemicals by 5.4% in the 1st quarter. Bank of New York Mellon Corp now owns 3,057,880 shares of the basic materials company’s stock worth $860,302,000 after buying an additional 156,946 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Air Products and Chemicals by 16.6% in the 1st quarter. Neuberger Berman Group LLC now owns 2,163,954 shares of the basic materials company’s stock worth $608,596,000 after buying an additional 308,787 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Air Products and Chemicals by 10.6% in the 1st quarter. Janus Henderson Group PLC now owns 2,089,272 shares of the basic materials company’s stock worth $587,824,000 after acquiring an additional 200,914 shares during the last quarter. Hedge funds and other institutional investors own 80.23% of the company’s stock.

Shares of NYSE APD traded up $0.39 during mid-day trading on Wednesday, hitting $269.25. The company had a trading volume of 13,040 shares, compared to its average volume of 1,000,185. The company has a market capitalization of $59.60 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 2.83 and a beta of 0.74. The firm has a 50-day simple moving average of $279.46 and a two-hundred day simple moving average of $285.04. The company has a current ratio of 3.11, a quick ratio of 2.94 and a debt-to-equity ratio of 0.53. Air Products and Chemicals, Inc. has a one year low of $245.75 and a one year high of $327.89.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Sunday, August 8th. The basic materials company reported $2.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by ($0.05). Air Products and Chemicals had a net margin of 20.15% and a return on equity of 14.84%. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the business earned $2.01 EPS. Air Products and Chemicals’s revenue was up 26.1% on a year-over-year basis. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 9.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 8th. Investors of record on Friday, October 1st will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, September 30th. Air Products and Chemicals’s payout ratio is currently 71.60%.

APD has been the topic of a number of recent research reports. BMO Capital Markets decreased their target price on Air Products and Chemicals from $332.00 to $312.00 and set an “outperform” rating on the stock in a report on Wednesday, August 11th. They noted that the move was a valuation call. Cowen decreased their target price on Air Products and Chemicals from $360.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, August 10th. Susquehanna upgraded Air Products and Chemicals from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $240.00 to $350.00 in a report on Friday, June 11th. Wolfe Research assumed coverage on Air Products and Chemicals in a report on Wednesday, June 9th. They set an “outperform” rating on the stock. Finally, HSBC lowered their price target on Air Products and Chemicals from $275.00 to $269.00 and set a “hold” rating on the stock in a report on Thursday, June 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $313.24.

Air Products and Chemicals Profile

Air Products & Chemicals, Inc engages in the manufacture and distribution of atmospheric gases. It operates through the following segments: Industrial Gases-Americas, Industrial Gases-EMEA (Europe, Middle East, and Africa), Industrial Gases-Asia, Industrial Gases-Global and Corporate and Other. The Industrial Gases-America, EMEA and Asia segment markets and produces atmospheric gases such as 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 and processing of gases such as air separation units and non-cryogenic generators.

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

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