Wealth Science Advisors LLC boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 1,662.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,886 shares of the basic materials company’s stock after acquiring an additional 1,779 shares during the period. Wealth Science Advisors LLC’s holdings in Air Products and Chemicals were worth $553,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Richardson Financial Services Inc. lifted its holdings in shares of Air Products and Chemicals by 3,233.3% in the 4th quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 97 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals during the 4th quarter worth approximately $25,000. Mcguire Capital Advisors Inc. acquired a new position in Air Products and Chemicals during the fourth quarter worth approximately $25,000. Finally, Evolution Wealth Management Inc. acquired a new position in Air Products and Chemicals during the first quarter worth approximately $25,000. Institutional investors and hedge funds own 81.66% of the company’s stock.
Air Products and Chemicals Stock Down 0.0%
Air Products and Chemicals stock opened at $303.35 on Monday. The stock’s 50 day moving average price is $290.90 and its 200 day moving average price is $287.90. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $314.87. The company has a market cap of $67.55 billion, a PE ratio of -1,378.84, a price-to-earnings-growth ratio of 2.64 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92.
Air Products and Chemicals Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be issued a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals’s payout ratio is currently -3,290.91%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on APD shares. Berenberg Bank set a $350.00 target price on shares of Air Products and Chemicals and gave the stock a “buy” rating in a research note on Monday, April 20th. Bank of America increased their price objective on Air Products and Chemicals from $280.00 to $303.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Weiss Ratings downgraded Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Citigroup boosted their target price on Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Finally, Mizuho upped their price target on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $332.76.
Read Our Latest Stock Report on APD
About Air Products and Chemicals
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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