1,501 Shares in Air Products & Chemicals, Inc. (NYSE:APD) Acquired by Hayden Royal LLC

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Hayden Royal LLC acquired a new position in Air Products & Chemicals, Inc. (NYSE:APD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,501 shares of the basic materials company’s stock, valued at approximately $342,000.

Other large investors have also modified their holdings of the company. Bailard Inc. increased its position in shares of Air Products & Chemicals by 2.0% during the second quarter. Bailard Inc. now owns 2,347 shares of the basic materials company’s stock worth $531,000 after purchasing an additional 45 shares in the last quarter. Evermay Wealth Management LLC grew its holdings in shares of Air Products & Chemicals by 3.5% during the first quarter. Evermay Wealth Management LLC now owns 1,472 shares of the basic materials company’s stock valued at $281,000 after buying an additional 50 shares during the last quarter. Trustcore Financial Services LLC grew its holdings in shares of Air Products & Chemicals by 3.2% during the first quarter. Trustcore Financial Services LLC now owns 1,610 shares of the basic materials company’s stock valued at $307,000 after buying an additional 50 shares during the last quarter. Smith Shellnut Wilson LLC ADV grew its holdings in shares of Air Products & Chemicals by 3.3% during the first quarter. Smith Shellnut Wilson LLC ADV now owns 1,572 shares of the basic materials company’s stock valued at $300,000 after buying an additional 50 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. grew its holdings in shares of Air Products & Chemicals by 2.3% during the first quarter. Canandaigua National Bank & Trust Co. now owns 2,394 shares of the basic materials company’s stock valued at $457,000 after buying an additional 53 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

In other Air Products & Chemicals news, CEO Seifi Ghasemi purchased 20,000 shares of the stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $227.16 per share, with a total value of $4,543,200.00. Following the completion of the acquisition, the chief executive officer now owns 453,783 shares in the company, valued at $103,081,346.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Russell A. Flugel sold 2,970 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $207.01, for a total transaction of $614,819.70. Following the completion of the sale, the vice president now directly owns 6,387 shares in the company, valued at $1,322,172.87. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

NYSE:APD opened at $229.67 on Wednesday. Air Products & Chemicals, Inc. has a one year low of $148.44 and a one year high of $232.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 2.28. The stock has a market capitalization of $50.05 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 2.30 and a beta of 0.84. The firm has a fifty day simple moving average of $227.04.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, July 25th. The basic materials company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the company earned $1.95 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. On average, research analysts predict that Air Products & Chemicals, Inc. will post 8.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 11th. Shareholders of record on Tuesday, October 1st will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, September 30th. Air Products & Chemicals’s payout ratio is 62.28%.

A number of brokerages have recently weighed in on APD. Barclays boosted their price objective on shares of Air Products & Chemicals from $220.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, July 26th. KeyCorp boosted their price objective on shares of Air Products & Chemicals from $220.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Credit Suisse Group boosted their price objective on shares of Air Products & Chemicals from $221.00 to $238.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Citigroup set a $260.00 price objective on shares of Air Products & Chemicals and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Zacks Investment Research lowered shares of Air Products & Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $234.71.

Air Products & Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

See Also: Net Asset Value

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Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

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