Insigneo Advisory Services LLC Acquires 279 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Insigneo Advisory Services LLC raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 9.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,208 shares of the basic materials company’s stock after buying an additional 279 shares during the period. Insigneo Advisory Services LLC’s holdings in Air Products and Chemicals were worth $946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Generali Investments Management Co LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter worth about $26,000. Sierra Ocean LLC purchased a new stake in Air Products and Chemicals in the 4th quarter valued at about $30,000. WR Wealth Planners LLC grew its stake in Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 31 shares in the last quarter. Financial Perspectives Inc increased its position in shares of Air Products and Chemicals by 33.3% during the fourth quarter. Financial Perspectives Inc now owns 140 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 35 shares during the period. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APD. Barclays dropped their price objective on Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company lowered their target price on Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. UBS Group cut their price target on Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Royal Bank Of Canada began coverage on shares of Air Products and Chemicals in a research note on Friday, June 13th. They issued an “outperform” rating and a $355.00 price objective for the company. Finally, Morgan Stanley began coverage on shares of Air Products and Chemicals in a report on Thursday, May 29th. They set an “equal weight” rating and a $290.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $332.41.

Air Products and Chemicals Stock Down 1.2%

Air Products and Chemicals stock opened at $277.19 on Wednesday. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14. The business has a fifty day moving average price of $272.51 and a 200-day moving average price of $293.39. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.00 and a quick ratio of 0.85. The stock has a market capitalization of $61.69 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 5.38 and a beta of 0.86.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $2.69 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.14). Air Products and Chemicals had a net margin of 12.76% and a return on equity of 15.48%. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the business posted $2.85 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Tuesday, July 1st will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.58%. The ex-dividend date is Tuesday, July 1st. Air Products and Chemicals’s dividend payout ratio is presently 104.07%.

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; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.