Copperleaf Capital LLC Makes New $1.06 Million Investment in Air Products and Chemicals, Inc. (NYSE:APD)

Copperleaf Capital LLC bought a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,551 shares of the basic materials company’s stock, valued at approximately $1,064,000.

Other institutional investors also recently made changes to their positions in the company. BDO Wealth Advisors LLC grew its holdings in Air Products and Chemicals by 102.3% in the 2nd quarter. BDO Wealth Advisors LLC now owns 89 shares of the basic materials company’s stock worth $27,000 after buying an additional 45 shares in the last quarter. Sageworth Trust Co bought a new position in shares of Air Products and Chemicals in the first quarter worth $30,000. Trifecta Capital Advisors LLC increased its holdings in shares of 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 valued at $31,000 after purchasing an additional 100 shares during the period. Jones Financial Companies Lllp lifted its holdings in Air Products and Chemicals by 132.1% in the second quarter. Jones Financial Companies Lllp now owns 123 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 70 shares during the period. Finally, Solstein Capital LLC grew its position in Air Products and Chemicals by 173.9% in the 2nd quarter. Solstein Capital LLC now owns 126 shares of the basic materials company’s stock valued at $38,000 after buying an additional 80 shares in the last quarter. 82.62% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Performance

NYSE:APD traded up $3.96 during mid-day trading on Tuesday, hitting $276.11. 538,530 shares of the company’s stock traded hands, compared to its average volume of 935,573. The company has a current ratio of 1.33, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $282.85 and a two-hundred day moving average of $286.48. The firm has a market capitalization of $61.34 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86. Air Products and Chemicals, Inc. has a 12 month low of $251.63 and a 12 month high of $328.56.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.04. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.35 billion. Air Products and Chemicals had a net margin of 18.26% and a return on equity of 17.02%. Air Products and Chemicals’s quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter last year, the company posted $2.89 earnings per share. On average, equities analysts forecast that Air Products and Chemicals, Inc. will post 13 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Tuesday, January 2nd will be given a $1.75 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $7.00 annualized dividend and a yield of 2.54%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 67.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on APD shares. Citigroup upped their target price on Air Products and Chemicals from $328.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 4th. StockNews.com assumed coverage on shares of Air Products and Chemicals in a research note on Thursday, October 5th. They set a “hold” rating for the company. Redburn Atlantic lowered shares of Air Products and Chemicals from a “buy” rating to a “sell” rating and set a $240.00 price target on the stock. in a research report on Friday. Jefferies Financial Group upped their target price on Air Products and Chemicals from $300.00 to $310.00 and gave the company a “hold” rating in a report on Tuesday, September 26th. Finally, Wells Fargo & Company dropped their price target on Air Products and Chemicals from $345.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $320.31.

Insiders Place Their Bets

In other Air Products and Chemicals news, CEO Seifi Ghasemi acquired 11,000 shares of Air Products and Chemicals stock in a transaction dated Monday, November 13th. The stock was bought at an average cost of $264.42 per share, with a total value of $2,908,620.00. Following the acquisition, the chief executive officer now owns 670,673 shares of the company’s stock, valued at $177,339,354.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

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.