United Capital Financial Advisers LLC Cuts Stake in Air Products and Chemicals, Inc. (NYSE:APD)

United Capital Financial Advisers LLC lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APDGet Rating) by 25.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,237 shares of the basic materials company’s stock after selling 9,847 shares during the period. United Capital Financial Advisers LLC’s holdings in Air Products and Chemicals were worth $7,031,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Sierra Capital LLC grew its stake in Air Products and Chemicals by 1,060.0% in the second quarter. Sierra Capital LLC now owns 116 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 106 shares during the last quarter. SJS Investment Consulting Inc. purchased a new position in Air Products and Chemicals in the first quarter valued at about $30,000. Artemis Wealth Advisors LLC purchased a new position in Air Products and Chemicals in the second quarter valued at about $33,000. Rational Advisors LLC grew its stake in Air Products and Chemicals by 68.6% in the first quarter. Rational Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 59 shares during the last quarter. Finally, Heritage Financial Services LLC purchased a new position in Air Products and Chemicals in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Citigroup cut their target price on Air Products and Chemicals from $272.00 to $251.00 in a research note on Tuesday, October 4th. Seaport Res Ptn upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating in a research note on Thursday, October 13th. The Goldman Sachs Group boosted their price target on Air Products and Chemicals from $295.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, November 9th. Bank of America boosted their price target on Air Products and Chemicals from $281.00 to $308.00 in a research note on Monday, November 7th. Finally, Berenberg Bank dropped their price target on Air Products and Chemicals from $290.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, October 12th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average price target of $299.28.

Air Products and Chemicals Trading Down 0.3 %

Air Products and Chemicals stock opened at $308.15 on Thursday. The company has a quick ratio of 1.66, a current ratio of 1.81 and a debt-to-equity ratio of 0.52. Air Products and Chemicals, Inc. has a 52 week low of $216.24 and a 52 week high of $310.38. The company has a market capitalization of $68.35 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 2.13 and a beta of 0.79. The stock has a 50-day moving average price of $254.50 and a 200 day moving average price of $249.11.

Air Products and Chemicals (NYSE:APDGet Rating) last released its earnings results on Thursday, November 3rd. The basic materials company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.13. Air Products and Chemicals had a return on equity of 16.31% and a net margin of 17.77%. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the previous year, the company posted $2.51 earnings per share. The company’s revenue was up 25.7% compared to the same quarter last year. Sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 11.39 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 13th. Shareholders of record on Tuesday, January 3rd will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Friday, December 30th. Air Products and Chemicals’s payout ratio is presently 63.91%.

Air Products and Chemicals Company Profile

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

See Also

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

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