Glassman Wealth Services Grows Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Glassman Wealth Services grew its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,228 shares of the basic materials company’s stock after acquiring an additional 73 shares during the quarter. Glassman Wealth Services’ holdings in Air Products and Chemicals were worth $336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cape Cod Five Cents Savings Bank purchased a new position in shares of Air Products and Chemicals in the third quarter valued at approximately $376,000. Eos Management L.P. lifted its position in Air Products and Chemicals by 26.2% during the fourth quarter. Eos Management L.P. now owns 27,558 shares of the basic materials company’s stock worth $7,545,000 after buying an additional 5,727 shares in the last quarter. Roffman Miller Associates Inc. PA lifted its position in Air Products and Chemicals by 3.6% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 65,192 shares of the basic materials company’s stock worth $17,850,000 after buying an additional 2,285 shares in the last quarter. BKM Wealth Management LLC purchased a new position in Air Products and Chemicals during the fourth quarter worth approximately $1,177,000. Finally, Zenyatta Capital Management LP lifted its position in Air Products and Chemicals by 46.7% during the fourth quarter. Zenyatta Capital Management LP now owns 22,000 shares of the basic materials company’s stock worth $6,024,000 after buying an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.6 %

Shares of NYSE APD traded up $1.61 during trading on Friday, reaching $264.61. The stock had a trading volume of 1,070,639 shares, compared to its average volume of 1,712,160. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. The business’s 50-day moving average price is $242.93 and its 200-day moving average price is $251.40. The company has a market cap of $58.83 billion, a P/E ratio of 23.88, a PEG ratio of 2.87 and a beta of 0.80.

Air Products and Chemicals (NYSE:APDGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the previous year, the firm posted $2.74 earnings per share. The company’s revenue was down 8.4% on a year-over-year basis. On average, equities research analysts predict that Air Products and Chemicals, Inc. will post 12.3 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be paid a $1.77 dividend. The ex-dividend date is Friday, June 28th. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.68%. Air Products and Chemicals’s payout ratio is presently 63.90%.

Analyst Ratings Changes

A number of brokerages recently commented on APD. Barclays reduced their price objective on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 6th. Argus downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. BMO Capital Markets lifted their price objective on Air Products and Chemicals from $250.00 to $263.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Bank of America lifted their target price on Air Products and Chemicals from $272.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Wolfe Research assumed coverage on Air Products and Chemicals in a research report on Friday, March 1st. They issued an “outperform” rating and a $279.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $273.77.

View Our Latest Stock Report on APD

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

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