Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC raised its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.8% during the second quarter, HoldingsChannel reports. The firm owned 9,630 shares of the basic materials company’s stock after purchasing an additional 353 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Air Products and Chemicals were worth $2,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Security National Bank bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth about $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth $28,000. Thompson Investment Management Inc. acquired a new position in shares of Air Products and Chemicals in the 1st quarter valued at $27,000. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals in the 2nd quarter worth about $32,000. Finally, Hexagon Capital Partners LLC raised its holdings in Air Products and Chemicals by 2,250.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.9 %

Shares of APD opened at $297.74 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The company has a 50-day simple moving average of $278.33 and a 200-day simple moving average of $261.96. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $302.03. The firm has a market capitalization of $66.19 billion, a P/E ratio of 26.87, a P/E/G ratio of 3.89 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. On average, equities research analysts expect that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be issued a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.38%. Air Products and Chemicals’s payout ratio is presently 63.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Barclays lifted their price objective on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Morgan Stanley increased their price objective on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. The Goldman Sachs Group lifted their target price on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Bank of America lifted their target price on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their price target for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $296.50.

Air Products and Chemicals 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.