International Assets Investment Management LLC Boosts Stake in Air Products and Chemicals, Inc. (NYSE:APD)

International Assets Investment Management LLC grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 14.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,389 shares of the basic materials company’s stock after acquiring an additional 307 shares during the quarter. International Assets Investment Management LLC’s holdings in Air Products and Chemicals were worth $617,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. grew its stake in Air Products and Chemicals by 151.3% in the first quarter. Avantax Advisory Services Inc. now owns 24,881 shares of the basic materials company’s stock valued at $6,028,000 after purchasing an additional 14,981 shares during the last quarter. 1832 Asset Management L.P. lifted its position in shares of Air Products and Chemicals by 3.6% during the first quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock valued at $16,355,000 after buying an additional 2,321 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Air Products and Chemicals by 1.6% in the 4th quarter. TD Asset Management Inc now owns 351,506 shares of the basic materials company’s stock valued at $96,242,000 after buying an additional 5,502 shares in the last quarter. Trilogy Capital Inc. purchased a new position in shares of Air Products and Chemicals in the 1st quarter worth approximately $2,625,000. Finally, Madison Asset Management LLC raised its stake in shares of Air Products and Chemicals by 8.2% during the 4th quarter. Madison Asset Management LLC now owns 126,928 shares of the basic materials company’s stock worth $34,753,000 after acquiring an additional 9,663 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

APD has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Morgan Stanley raised their price objective on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Citigroup upped their target price on Air Products and Chemicals from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Bank of America raised their price target on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $297.40.

Air Products and Chemicals Trading Up 0.6 %

Shares of Air Products and Chemicals stock opened at $278.85 on Friday. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $307.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.31. The stock has a market cap of $61.99 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 3.17 and a beta of 0.81. The firm has a fifty day moving average price of $267.41 and a 200 day moving average price of $254.21.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.16. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.29 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.54%. Air Products and Chemicals’s payout ratio is 63.90%.

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.