Realta Investment Advisors bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor bought 3,913 shares of the basic materials company’s stock, valued at approximately $1,137,000.
Several other large investors also recently modified their holdings of APD. Holos Integrated Wealth LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter worth $25,000. Richardson Financial Services Inc. grew its stake in Air Products and Chemicals by 3,233.3% during the fourth quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock worth $25,000 after buying an additional 97 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Air Products and Chemicals during the fourth quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals in the 4th quarter valued at about $25,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $25,000. 81.66% of the stock is owned by institutional investors and hedge funds.
Air Products and Chemicals Trading Down 0.7%
Shares of Air Products and Chemicals stock opened at $277.95 on Friday. The firm’s 50 day moving average is $289.66 and its 200 day moving average is $277.75. The firm has a market capitalization of $61.89 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.43 and a beta of 0.74. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $307.96. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95.
Air Products and Chemicals Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be paid a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio is presently 76.61%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on APD. Morgan Stanley increased their price target on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $315.00 target price on shares of Air Products and Chemicals in a research note on Monday, May 4th. Bank of America lifted their price target on Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $323.12.
View Our Latest Research Report on APD
Insider Buying and Selling at Air Products and Chemicals
In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $303.76, for a total transaction of $824,404.64. Following the sale, the chief financial officer owned 14,212 shares of the company’s stock, valued at $4,317,037.12. This trade represents a 16.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.88% of the stock is currently owned by company insiders.
Air Products and Chemicals Profile
Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.
The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.
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