1,238 Shares in Air Products & Chemicals, Inc. (APD) Acquired by Stony Point Wealth Management Inc.

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Stony Point Wealth Management Inc. bought a new stake in Air Products & Chemicals, Inc. (NYSE:APD) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,238 shares of the basic materials company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 1832 Asset Management L.P. grew its position in shares of Air Products & Chemicals by 2,002.7% in the fourth quarter. 1832 Asset Management L.P. now owns 353,219 shares of the basic materials company’s stock valued at $56,469,000 after purchasing an additional 336,421 shares during the period. Bfsg LLC acquired a new stake in shares of Air Products & Chemicals in the first quarter valued at about $605,000. Truvestments Capital LLC acquired a new stake in shares of Air Products & Chemicals in the first quarter valued at about $79,000. PagnatoKarp Partners LLC grew its position in shares of Air Products & Chemicals by 45.7% in the first quarter. PagnatoKarp Partners LLC now owns 3,270 shares of the basic materials company’s stock valued at $628,000 after purchasing an additional 1,026 shares during the period. Finally, Hayden Royal LLC acquired a new stake in shares of Air Products & Chemicals in the fourth quarter valued at about $310,000. Institutional investors and hedge funds own 87.52% of the company’s stock.

APD has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research report on Tuesday, January 8th. BMO Capital Markets lifted their target price on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Credit Suisse Group lifted their target price on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. KeyCorp lifted their target price on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Finally, Bank of America lowered shares of Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price target on the stock. in a research report on Tuesday, January 8th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $196.40.

APD traded down $1.48 on Monday, reaching $196.62. 750,900 shares of the company’s stock were exchanged, compared to its average volume of 1,144,009. The firm has a market capitalization of $43.51 billion, a PE ratio of 26.39, a PEG ratio of 1.86 and a beta of 0.82. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $198.66. The company has a current ratio of 2.21, a quick ratio of 2.03 and a debt-to-equity ratio of 0.30.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Friday, January 25th. The basic materials company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.01). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. Air Products & Chemicals had a return on equity of 15.13% and a net margin of 18.92%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.79 earnings per share. As a group, analysts predict that Air Products & Chemicals, Inc. will post 8.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be given a dividend of $1.16 per share. The ex-dividend date is Friday, March 29th. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.10. This represents a $4.64 dividend on an annualized basis and a yield of 2.36%. Air Products & Chemicals’s payout ratio is presently 62.28%.

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About Air Products & Chemicals

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

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

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