Brooklyn Investment Group Acquires 360 Shares of Air Products and Chemicals, Inc. $APD

Brooklyn Investment Group grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 23.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,865 shares of the basic materials company’s stock after buying an additional 360 shares during the quarter. Brooklyn Investment Group’s holdings in Air Products and Chemicals were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Baker Avenue Asset Management LP lifted its holdings in shares of Air Products and Chemicals by 2.3% during the 4th quarter. Baker Avenue Asset Management LP now owns 1,540 shares of the basic materials company’s stock valued at $447,000 after buying an additional 34 shares during the period. West Branch Capital LLC lifted its holdings in shares of Air Products and Chemicals by 10.2% during the 1st quarter. West Branch Capital LLC now owns 421 shares of the basic materials company’s stock valued at $124,000 after buying an additional 39 shares during the period. Kathmere Capital Management LLC lifted its holdings in shares of Air Products and Chemicals by 2.6% during the 1st quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company’s stock valued at $454,000 after buying an additional 39 shares during the period. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Air Products and Chemicals by 1.6% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 2,499 shares of the basic materials company’s stock valued at $737,000 after buying an additional 40 shares during the period. Finally, Stableford Capital II LLC lifted its holdings in shares of Air Products and Chemicals by 1.3% during the 1st quarter. Stableford Capital II LLC now owns 3,222 shares of the basic materials company’s stock valued at $950,000 after buying an additional 41 shares during the period. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on APD. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Royal Bank Of Canada assumed coverage on Air Products and Chemicals in a research note on Friday, June 13th. They issued an “outperform” rating and a $355.00 price objective for the company. Barclays reduced their price objective on Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Morgan Stanley assumed coverage on Air Products and Chemicals in a research note on Thursday, May 29th. They issued an “equal weight” rating and a $290.00 price objective for the company. Finally, Citigroup upped their price objective on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus price target of $335.07.

Air Products and Chemicals Trading Down 0.8%

Shares of APD stock opened at $288.22 on Tuesday. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The firm has a market capitalization of $64.15 billion, a PE ratio of 41.47, a PEG ratio of 6.48 and a beta of 0.81. The stock has a fifty day simple moving average of $287.79 and a two-hundred day simple moving average of $287.47.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the prior year, the business posted $3.20 EPS. Air Products and Chemicals’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.5%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 103.02%.

Insider Buying and Selling at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the transaction, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. This trade represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by insiders.

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.