First Affirmative Financial Network Has $375,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

by · The Cerbat Gem

First Affirmative Financial Network decreased its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,258 shares of the basic materials company’s stock after selling 36 shares during the quarter. First Affirmative Financial Network’s holdings in Air Products and Chemicals were worth $375,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. GLOBALT Investments LLC GA bought a new position in Air Products and Chemicals during the 4th quarter valued at about $3,647,000. Neo Ivy Capital Management bought a new position in shares of Air Products and Chemicals in the fourth quarter valued at approximately $40,000. Syon Capital LLC boosted its holdings in shares of Air Products and Chemicals by 4.1% in the 4th quarter. Syon Capital LLC now owns 2,851 shares of the basic materials company’s stock worth $781,000 after acquiring an additional 113 shares in the last quarter. EP Wealth Advisors LLC grew its position in Air Products and Chemicals by 40.3% during the 4th quarter. EP Wealth Advisors LLC now owns 5,627 shares of the basic materials company’s stock worth $1,541,000 after acquiring an additional 1,616 shares during the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in Air Products and Chemicals during the 4th quarter valued at $28,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Up 0.7 %

Air Products and Chemicals stock opened at $316.66 on Friday. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $323.86. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The firm has a market capitalization of $70.40 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 3.87 and a beta of 0.82. The company’s 50 day simple moving average is $284.78 and its 200 day simple moving average is $265.74.

Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.16. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

Wall Street Analyst Weigh In

Several analysts have recently commented on APD shares. JPMorgan Chase & Co. increased their target price on Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Citigroup upped their target price on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Mizuho increased their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Wells Fargo & Company boosted their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $316.47.

Get Our Latest Research Report on Air Products and Chemicals

Air Products and Chemicals Company Profile

(Free Report)

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.

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