Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Cooper Haims Advisors LLC

Cooper Haims Advisors LLC decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 715 shares of the basic materials company’s stock after selling 45 shares during the quarter. Cooper Haims Advisors LLC’s holdings in Air Products and Chemicals were worth $211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APD. Wayfinding Financial LLC acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at $25,000. Cheviot Value Management LLC bought a new stake in Air Products and Chemicals during the first quarter valued at about $27,000. Citizens National Bank Trust Department boosted its holdings in Air Products and Chemicals by 833.3% during the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 100 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of Air Products and Chemicals by 525.9% in the fourth quarter. Sunbelt Securities Inc. now owns 169 shares of the basic materials company’s stock valued at $49,000 after buying an additional 142 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $50,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on APD shares. Wells Fargo & Company increased their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group raised their price objective on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Royal Bank Of Canada initiated coverage on shares of Air Products and Chemicals in a report on Friday, June 13th. They set an “outperform” rating and a $355.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on shares of Air Products and Chemicals in a report on Thursday, May 29th. They set an “equal weight” rating and a $290.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $334.75.

Air Products and Chemicals Stock Down 2.1%

Air Products and Chemicals stock opened at $281.88 on Monday. The firm has a market capitalization of $62.73 billion, a PE ratio of 40.56, a P/E/G ratio of 5.41 and a beta of 0.81. The company’s 50-day moving average is $285.05 and its 200-day moving average is $290.21. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. Air Products and Chemicals’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.20 EPS. Sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be paid a $1.79 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio is 103.02%.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.