Rise Advisors LLC Sells 59 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Rise Advisors LLC decreased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 24.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178 shares of the basic materials company’s stock after selling 59 shares during the period. Rise Advisors LLC’s holdings in Air Products and Chemicals were worth $53,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of APD. Delta Asset Management LLC TN bought a new position in shares of Air Products and Chemicals in the 4th quarter valued at about $28,000. Grey Fox Wealth Advisors LLC bought a new position in Air Products and Chemicals during the fourth quarter worth about $30,000. Sageworth Trust Co bought a new position in Air Products and Chemicals during the first quarter worth about $30,000. Trifecta Capital Advisors LLC grew its holdings in Air Products and Chemicals by 1,250.0% during the first quarter. Trifecta Capital Advisors LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 100 shares during the period. Finally, NewSquare Capital LLC bought a new position in Air Products and Chemicals during the first quarter worth about $32,000. Institutional investors own 82.62% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of NYSE APD traded down $3.99 during midday trading on Friday, reaching $302.11. 1,354,643 shares of the company were exchanged, compared to its average volume of 911,802. The stock’s 50-day moving average price is $294.05 and its 200-day moving average price is $287.62. The stock has a market cap of $67.11 billion, a P/E ratio of 30.73, a PEG ratio of 2.58 and a beta of 0.87. Air Products and Chemicals, Inc. has a one year low of $224.75 and a one year high of $328.56. The company has a quick ratio of 1.19, a current ratio of 1.36 and a debt-to-equity ratio of 0.56.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.07. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Air Products and Chemicals had a net margin of 16.88% and a return on equity of 17.18%. The company’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.62 earnings per share. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 11.47 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Monday, October 2nd will be paid a $1.75 dividend. The ex-dividend date is Friday, September 29th. This represents a $7.00 annualized dividend and a dividend yield of 2.32%. Air Products and Chemicals’s dividend payout ratio is 71.21%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup assumed coverage on Air Products and Chemicals in a report on Tuesday, June 13th. They set a “buy” rating and a $317.00 price target for the company. Mizuho lifted 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 research report on Friday, August 4th. Finally, StockNews.com initiated coverage on shares of Air Products and Chemicals in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Six 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 presently has an average rating of “Moderate Buy” and a consensus target price of $318.93.

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; 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.