Air Products & Chemicals, Inc. (NYSE:APD) Shares Acquired by Harwood Advisory Group LLC

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Harwood Advisory Group LLC lifted its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 9.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,604 shares of the basic materials company’s stock after acquiring an additional 1,089 shares during the period. Harwood Advisory Group LLC’s holdings in Air Products & Chemicals were worth $2,853,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Bailard Inc. raised its position in shares of Air Products & Chemicals by 2.0% during the 2nd quarter. Bailard Inc. now owns 2,347 shares of the basic materials company’s stock valued at $531,000 after acquiring an additional 45 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC increased its position in Air Products & Chemicals by 3.2% in the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,549 shares of the basic materials company’s stock worth $351,000 after buying an additional 48 shares during the period. Evermay Wealth Management LLC increased its position in Air Products & Chemicals by 3.5% in the first quarter. Evermay Wealth Management LLC now owns 1,472 shares of the basic materials company’s stock worth $281,000 after buying an additional 50 shares during the period. Trustcore Financial Services LLC increased its position in Air Products & Chemicals by 3.2% in the first quarter. Trustcore Financial Services LLC now owns 1,610 shares of the basic materials company’s stock worth $307,000 after buying an additional 50 shares during the period. Finally, Smith Shellnut Wilson LLC ADV increased its position in Air Products & Chemicals by 3.3% in the first quarter. Smith Shellnut Wilson LLC ADV now owns 1,572 shares of the basic materials company’s stock worth $300,000 after buying an additional 50 shares during the period. 86.52% of the stock is currently owned by institutional investors and hedge funds.

In other Air Products & Chemicals news, CEO Seifi Ghasemi purchased 20,000 shares of the stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of $227.16 per share, with a total value of $4,543,200.00. Following the completion of the acquisition, the chief executive officer now owns 453,783 shares of the company’s stock, valued at $103,081,346.28. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by company insiders.

Several brokerages have weighed in on APD. Sanford C. Bernstein lowered Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 target price on the stock. in a research report on Thursday, July 18th. Morgan Stanley increased their target price on Air Products & Chemicals from $168.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Seaport Global Securities lowered Air Products & Chemicals from a “buy” rating to a “neutral” rating in a research report on Friday, July 12th. They noted that the move was a valuation call. KeyCorp increased their target price on Air Products & Chemicals from $220.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Finally, Citigroup set a $260.00 target price on Air Products & Chemicals and gave the stock a “buy” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. Air Products & Chemicals presently has a consensus rating of “Hold” and an average price target of $234.71.

Shares of APD traded down $4.64 during trading hours on Friday, reaching $220.64. 810,791 shares of the company’s stock traded hands, compared to its average volume of 1,063,635. The firm has a market capitalization of $49.64 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 2.25 and a beta of 0.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.28 and a quick ratio of 2.09. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $232.47. The business’s fifty day simple moving average is $227.01 and its two-hundred day simple moving average is $204.94.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.03. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.32 billion. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $1.95 earnings per share. On average, equities research analysts expect that Air Products & Chemicals, Inc. will post 8.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 11th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, September 30th. Air Products & Chemicals’s dividend payout ratio (DPR) is 62.28%.

Air Products & Chemicals Profile

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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