Telemus Capital LLC Sells 1,735 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Telemus Capital LLC reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 15.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,644 shares of the basic materials company’s stock after selling 1,735 shares during the quarter. Telemus Capital LLC’s holdings in Air Products and Chemicals were worth $2,889,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of APD. Delta Asset Management LLC TN purchased a new stake in Air Products and Chemicals in the 4th quarter valued at about $28,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $30,000. Sageworth Trust Co bought a new position in Air Products and Chemicals in the first quarter worth approximately $30,000. Trifecta Capital Advisors LLC increased its holdings in Air Products and Chemicals by 1,250.0% during the 1st 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 stake in Air Products and Chemicals during the 1st quarter valued at $32,000. 82.62% of the stock is currently owned by institutional investors.

Air Products and Chemicals Price Performance

NYSE APD traded down $3.99 on Friday, hitting $302.11. The company had a trading volume of 1,354,643 shares, compared to its average volume of 911,802. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.36 and a quick ratio of 1.19. The company’s fifty day moving average price is $294.05 and its 200-day moving average price is $287.62. The company has a market capitalization of $67.11 billion, a PE ratio of 30.73, a PEG ratio of 2.58 and a beta of 0.87. Air Products and Chemicals, Inc. has a 12-month low of $224.75 and a 12-month high of $328.56.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.07. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.29 billion. Air Products and Chemicals had a net margin of 16.88% and a return on equity of 17.18%. Air Products and Chemicals’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.62 EPS. As a group, analysts predict that Air Products and Chemicals, Inc. will post 11.47 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

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

Analyst Ratings Changes

APD has been the subject of several recent analyst reports. Mizuho boosted their price objective on shares of Air Products and Chemicals from $322.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. StockNews.com began coverage on Air Products and Chemicals in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Citigroup started coverage on Air Products and Chemicals in a report on Tuesday, June 13th. They set a “buy” rating and a $317.00 target price for the company. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.