Abner Herrman & Brock LLC boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,565 shares of the basic materials company’s stock after buying an additional 628 shares during the period. Air Products and Chemicals accounts for approximately 1.7% of Abner Herrman & Brock LLC’s portfolio, making the stock its 29th largest position. Abner Herrman & Brock LLC’s holdings in Air Products and Chemicals were worth $11,851,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Delta Asset Management LLC TN purchased a new position in Air Products and Chemicals during the 4th quarter valued at about $28,000. Grey Fox Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $30,000. Sageworth Trust Co purchased a new position in shares of Air Products and Chemicals during the first quarter valued at approximately $30,000. Trifecta Capital Advisors LLC grew its stake in shares of Air Products and Chemicals by 1,250.0% in the 1st quarter. Trifecta Capital Advisors LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Finally, NewSquare Capital LLC bought a new position in shares of Air Products and Chemicals during the first quarter valued at $32,000. 82.62% of the stock is owned by institutional investors.
Air Products and Chemicals Stock Performance
Shares of NYSE APD traded up $3.10 during midday trading on Thursday, hitting $306.23. 115,482 shares of the company’s stock traded hands, compared to its average volume of 906,708. The firm has a fifty day moving average of $293.38 and a 200 day moving average of $287.38. Air Products and Chemicals, Inc. has a 1 year low of $224.75 and a 1 year high of $328.56. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.36. The stock has a market capitalization of $68.03 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 2.57 and a beta of 0.87.
Air Products and Chemicals Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Monday, October 2nd will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Friday, September 29th. Air Products and Chemicals’s dividend payout ratio (DPR) is 71.21%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Mizuho increased their price target on shares of Air Products and Chemicals from $322.00 to $330.00 and gave the company a “buy” rating in a report on Friday, August 4th. StockNews.com started coverage on Air Products and Chemicals in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Citigroup assumed coverage on Air Products and Chemicals in a research note on Tuesday, June 13th. They issued a “buy” rating and a $317.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $318.93.
Air Products and Chemicals Company 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; 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, manufacturing, electronics, magnetic resonance imaging, energy production, medical, food, and metals.
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