Waldron Private Wealth LLC Trims Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Waldron Private Wealth LLC reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,295 shares of the basic materials company’s stock after selling 101 shares during the quarter. Waldron Private Wealth LLC’s holdings in Air Products and Chemicals were worth $334,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of APD. Cape Investment Advisory Inc. boosted its stake in shares of Air Products and Chemicals by 1.0% during the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock valued at $906,000 after acquiring an additional 37 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Air Products and Chemicals by 0.4% during the second quarter. First Citizens Bank & Trust Co. now owns 10,906 shares of the basic materials company’s stock worth $2,814,000 after buying an additional 39 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Air Products and Chemicals by 2.3% during the second quarter. Verdence Capital Advisors LLC now owns 1,763 shares of the basic materials company’s stock worth $455,000 after buying an additional 39 shares in the last quarter. Stokes Family Office LLC lifted its stake in shares of Air Products and Chemicals by 3.4% during the second quarter. Stokes Family Office LLC now owns 1,213 shares of the basic materials company’s stock valued at $313,000 after buying an additional 40 shares during the period. Finally, Legacy Capital Group California Inc. boosted its position in Air Products and Chemicals by 1.0% during the second quarter. Legacy Capital Group California Inc. now owns 3,984 shares of the basic materials company’s stock worth $1,028,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on APD shares. Bank of America boosted their price target on Air Products and Chemicals from $275.00 to $312.00 and gave the company a “buy” rating in a report on Monday, June 10th. BMO Capital Markets increased their target price on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Tuesday, August 20th. Barclays increased their price objective on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their target price for the company from $310.00 to $280.00 in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $297.40.

Air Products and Chemicals Stock Up 0.6 %

Shares of NYSE APD opened at $278.85 on Monday. The stock has a fifty day moving average price of $267.41 and a 200 day moving average price of $254.73. The company has a market cap of $61.99 billion, a P/E ratio of 25.17, a P/E/G ratio of 3.72 and a beta of 0.81. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $307.71. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. Research analysts anticipate that Air Products and Chemicals, Inc. will post 12.32 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

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