Kestra Private Wealth Services LLC Sells 1,598 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Kestra Private Wealth Services LLC lowered its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APDGet Rating) by 34.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,011 shares of the basic materials company’s stock after selling 1,598 shares during the period. Kestra Private Wealth Services LLC’s holdings in Air Products and Chemicals were worth $752,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in APD. First National Bank of Omaha boosted its holdings in Air Products and Chemicals by 15.9% during the 1st quarter. First National Bank of Omaha now owns 59,649 shares of the basic materials company’s stock valued at $14,907,000 after acquiring an additional 8,178 shares during the period. Roffman Miller Associates Inc. PA grew its holdings in shares of Air Products and Chemicals by 16.4% in the first quarter. Roffman Miller Associates Inc. PA now owns 44,493 shares of the basic materials company’s stock worth $11,119,000 after purchasing an additional 6,257 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Air Products and Chemicals by 10.5% in the first quarter. Advisory Services Network LLC now owns 8,877 shares of the basic materials company’s stock worth $2,219,000 after buying an additional 846 shares during the period. Castellan Group raised its holdings in Air Products and Chemicals by 32.8% during the 1st quarter. Castellan Group now owns 7,045 shares of the basic materials company’s stock valued at $1,761,000 after buying an additional 1,740 shares during the last quarter. Finally, Verity Asset Management Inc. boosted its position in Air Products and Chemicals by 15.1% during the 1st quarter. Verity Asset Management Inc. now owns 1,148 shares of the basic materials company’s stock valued at $287,000 after buying an additional 151 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on APD shares. Citigroup raised their target price on Air Products and Chemicals to $272.00 in a research note on Monday, August 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Air Products and Chemicals from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, August 5th. BMO Capital Markets raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $283.00 to $321.00 in a research note on Monday, August 15th. Jefferies Financial Group lowered their price objective on shares of Air Products and Chemicals from $270.00 to $257.00 in a report on Thursday, June 16th. Finally, Bank of America reduced their target price on Air Products and Chemicals from $272.00 to $271.00 and set a “neutral” rating on the stock in a report on Wednesday, July 13th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $292.56.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $247.36 on Monday. The business has a fifty day moving average price of $250.58 and a 200-day moving average price of $244.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.87 and a quick ratio of 1.72. The company has a market capitalization of $54.86 billion, a PE ratio of 24.11, a PEG ratio of 1.69 and a beta of 0.79. Air Products and Chemicals, Inc. has a 1-year low of $216.24 and a 1-year high of $316.39.

Air Products and Chemicals (NYSE:APDGet Rating) last released its quarterly earnings data on Thursday, August 4th. The basic materials company reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $0.01. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.02 billion. Air Products and Chemicals had a net margin of 19.08% and a return on equity of 15.61%. Air Products and Chemicals’s revenue was up 22.4% compared to the same quarter last year. During the same period last year, the business earned $2.31 EPS. As a group, equities analysts expect that Air Products and Chemicals, Inc. will post 10.29 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 3rd will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, September 30th. This represents a $6.48 annualized dividend and a yield of 2.62%. Air Products and Chemicals’s dividend payout ratio is 63.16%.

Air Products and Chemicals Profile

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Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; 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, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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

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