PFG Investments LLC Has $307,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

PFG Investments LLC cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,190 shares of the basic materials company’s stock after selling 146 shares during the period. PFG Investments LLC’s holdings in Air Products and Chemicals were worth $307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avantax Advisory Services Inc. raised its holdings in shares of Air Products and Chemicals by 151.3% during the first quarter. Avantax Advisory Services Inc. now owns 24,881 shares of the basic materials company’s stock worth $6,028,000 after acquiring an additional 14,981 shares during the period. 1832 Asset Management L.P. raised its holdings 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 worth $16,355,000 after acquiring an additional 2,321 shares during the period. TD Asset Management Inc raised its holdings in shares of Air Products and Chemicals by 1.6% during the fourth quarter. TD Asset Management Inc now owns 351,506 shares of the basic materials company’s stock worth $96,242,000 after acquiring an additional 5,502 shares during the period. Trilogy Capital Inc. acquired a new stake in shares of Air Products and Chemicals during the first quarter worth $2,625,000. Finally, Madison Asset Management LLC raised its holdings in shares of Air Products and Chemicals by 8.2% during the fourth 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 during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on APD shares. BMO Capital Markets raised their price objective on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Barclays lifted their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. lifted their price target 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. The Goldman Sachs Group lifted their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Morgan Stanley lifted their price target on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Hold” and a consensus price target of $297.40.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $284.20 on Friday. The company has a market capitalization of $63.18 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 3.70 and a beta of 0.82. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The company has a 50-day simple moving average of $271.06 and a 200 day simple moving average of $257.66. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.04 by $0.16. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. On average, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.32 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s payout ratio is 63.90%.

Air Products and Chemicals Company 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.