Reilly Financial Advisors LLC Has $9.52 Million Stock Holdings in Air Products & Chemicals, Inc. (NYSE:APD)
Reilly Financial Advisors LLC raised its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,909 shares of the basic materials company’s stock after purchasing an additional 1,014 shares during the quarter. Reilly Financial Advisors LLC’s holdings in Air Products & Chemicals were worth $9,520,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Krane Funds Advisors LLC acquired a new stake in Air Products & Chemicals during the 2nd quarter valued at $26,000. Lenox Wealth Advisors LLC acquired a new stake in Air Products & Chemicals during the 3rd quarter valued at $27,000. Squar Milner Financial Services LLC lifted its holdings in Air Products & Chemicals by 87.1% during the 2nd quarter. Squar Milner Financial Services LLC now owns 131 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 61 shares during the last quarter. Assetmark Inc. lifted its holdings in Air Products & Chemicals by 163.0% during the 2nd quarter. Assetmark Inc. now owns 142 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 88 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in Air Products & Chemicals during the 2nd quarter valued at $43,000. 85.39% of the stock is owned by institutional investors and hedge funds.
Shares of APD traded up $2.18 during midday trading on Tuesday, reaching $216.04. 357,254 shares of the stock were exchanged, compared to its average volume of 828,075. The company has a quick ratio of 2.09, a current ratio of 2.28 and a debt-to-equity ratio of 0.28. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $232.47. The company has a market cap of $47.88 billion, a P/E ratio of 29.00, a PEG ratio of 1.91 and a beta of 0.85. The stock’s 50 day simple moving average is $220.04 and its 200 day simple moving average is $215.48.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 11th. Investors of record on Tuesday, October 1st will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Monday, September 30th. Air Products & Chemicals’s payout ratio is currently 62.28%.
In related news, CEO Seifi Ghasemi purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average price of $227.16 per share, for a total transaction of $4,543,200.00. Following the completion of the transaction, the chief executive officer now owns 453,783 shares of the company’s stock, valued at $103,081,346.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is currently owned by company insiders.
APD has been the subject of a number of research reports. Barclays lifted their target price on Air Products & Chemicals from $220.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Sanford C. Bernstein downgraded Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 target price for the company. in a report on Thursday, July 18th. ValuEngine downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Seaport Global Securities downgraded Air Products & Chemicals from a “buy” rating to a “neutral” rating in a report on Friday, July 12th. They noted that the move was a valuation call. Finally, Citigroup set a $260.00 target price on Air Products & Chemicals and gave the stock a “buy” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $234.14.
About Air Products & Chemicals
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.
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