Brighton Jones LLC Has $819,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Brighton Jones LLC boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,172 shares of the basic materials company’s stock after purchasing an additional 202 shares during the period. Brighton Jones LLC’s holdings in Air Products and Chemicals were worth $819,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of APD. Gryphon Financial Partners LLC acquired a new position in Air Products and Chemicals during the fourth quarter valued at approximately $486,000. Quest Partners LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth $230,000. CreativeOne Wealth LLC lifted its position in shares of Air Products and Chemicals by 46.4% during the 4th quarter. CreativeOne Wealth LLC now owns 1,348 shares of the basic materials company’s stock worth $369,000 after buying an additional 427 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Air Products and Chemicals by 17.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 706 shares of the basic materials company’s stock valued at $193,000 after buying an additional 104 shares in the last quarter. Finally, Commerce Bank raised its stake in Air Products and Chemicals by 11.5% during the fourth quarter. Commerce Bank now owns 49,719 shares of the basic materials company’s stock worth $13,613,000 after acquiring an additional 5,140 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their target price for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. BMO Capital Markets increased their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Bank of America boosted their price objective on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, Barclays increased their target price on Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, 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

NYSE:APD opened at $287.98 on Friday. The company has a market capitalization of $64.02 billion, a PE ratio of 25.99, a P/E/G ratio of 3.70 and a beta of 0.81. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $296.00. 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 $274.23 and a two-hundred day simple moving average of $259.53.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Research analysts anticipate that Air Products and Chemicals, Inc. will post 12.32 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 annualized dividend and a dividend yield of 2.46%. 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.