Quadrant Private Wealth Management LLC Acquires Shares of 5,440 Air Products & Chemicals, Inc. (APD)

Quadrant Private Wealth Management LLC acquired a new position in shares of Air Products & Chemicals, Inc. (NYSE:APD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,440 shares of the basic materials company’s stock, valued at approximately $847,000. Air Products & Chemicals accounts for approximately 0.8% of Quadrant Private Wealth Management LLC’s holdings, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of APD. Bruderman Asset Management LLC purchased a new position in Air Products & Chemicals during the 1st quarter valued at about $104,000. Mount Yale Investment Advisors LLC purchased a new position in Air Products & Chemicals during the 1st quarter valued at about $114,000. Private Capital Group LLC grew its stake in Air Products & Chemicals by 2,231.4% during the 1st quarter. Private Capital Group LLC now owns 816 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 781 shares in the last quarter. IMS Capital Management purchased a new position in Air Products & Chemicals during the 2nd quarter valued at about $146,000. Finally, Vigilant Capital Management LLC purchased a new position in Air Products & Chemicals during the 2nd quarter valued at about $158,000. Hedge funds and other institutional investors own 86.78% of the company’s stock.

Shares of Air Products & Chemicals opened at $157.87 on Friday, according to Marketbeat Ratings. The company has a market capitalization of $35.19 billion, a P/E ratio of 25.02, a PEG ratio of 1.33 and a beta of 1.09. Air Products & Chemicals, Inc. has a 52 week low of $143.79 and a 52 week high of $175.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.40 and a quick ratio of 2.24.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 26th. The basic materials company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.11. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 EPS. equities analysts forecast that Air Products & Chemicals, Inc. will post 7.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 12th. Investors of record on Monday, October 1st will be paid a $1.10 dividend. The ex-dividend date is Friday, September 28th. This represents a $4.40 annualized dividend and a dividend yield of 2.79%. Air Products & Chemicals’s payout ratio is 69.73%.

Several equities analysts have weighed in on the company. Zacks Investment Research cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Susquehanna Bancshares lifted their target price on Air Products & Chemicals from $200.00 to $215.00 and gave the company a “positive” rating in a research note on Wednesday, August 1st. JPMorgan Chase & Co. lowered their target price on Air Products & Chemicals from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, July 27th. Credit Suisse Group boosted their price target on Air Products & Chemicals from $182.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Finally, ValuEngine cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $182.63.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

Recommended Story: Outstanding Shares

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.

Leave a Reply