Successful Portfolios LLC Has $260,000 Stock Position in Air Products & Chemicals, Inc. (NYSE:APD)

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Successful Portfolios LLC boosted its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,172 shares of the basic materials company’s stock after buying an additional 72 shares during the period. Successful Portfolios LLC’s holdings in Air Products & Chemicals were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of APD. Bailard Inc. increased its position in Air Products & Chemicals by 2.0% in the 2nd quarter. Bailard Inc. now owns 2,347 shares of the basic materials company’s stock worth $531,000 after purchasing an additional 45 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC increased its position in Air Products & Chemicals by 3.2% in the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,549 shares of the basic materials company’s stock worth $351,000 after purchasing an additional 48 shares during the last quarter. Rehmann Capital Advisory Group increased its position in Air Products & Chemicals by 8.0% in the 2nd quarter. Rehmann Capital Advisory Group now owns 719 shares of the basic materials company’s stock worth $163,000 after purchasing an additional 53 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its position in Air Products & Chemicals by 2.0% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,710 shares of the basic materials company’s stock worth $601,000 after purchasing an additional 53 shares during the last quarter. Finally, Spinnaker Trust increased its position in Air Products & Chemicals by 1.8% in the 2nd quarter. Spinnaker Trust now owns 3,054 shares of the basic materials company’s stock worth $691,000 after purchasing an additional 54 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Seifi Ghasemi purchased 20,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $227.16 per share, for a total transaction of $4,543,200.00. Following the purchase, the chief executive officer now owns 453,783 shares in the company, valued at approximately $103,081,346.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Several research analysts have weighed in on APD shares. Citigroup set a $260.00 target price on Air Products & Chemicals and gave the stock a “buy” rating in a research report on Monday, July 15th. HSBC lowered Air Products & Chemicals from a “buy” rating to a “hold” rating and dropped their target price for the stock from $217.00 to $215.00 in a research report on Thursday, August 1st. Sanford C. Bernstein lowered Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 target price on the stock. in a research report on Thursday, July 18th. Seaport Global Securities lowered Air Products & Chemicals from a “buy” rating to a “neutral” rating in a research report on Friday, July 12th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their target price on Air Products & Chemicals from $168.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $234.14.

Shares of APD traded up $2.67 during trading hours on Friday, hitting $217.34. 40,133 shares of the company were exchanged, compared to its average volume of 898,269. The company has a market cap of $45.78 billion, a PE ratio of 29.17, a PEG ratio of 1.83 and a beta of 0.85. The firm’s 50 day moving average is $220.63 and its 200-day moving average is $214.87. Air Products & Chemicals, Inc. has a 52 week low of $148.44 and a 52 week high of $232.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 2.28.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.03. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.32 billion. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.95 EPS. As a group, equities analysts forecast that Air Products & Chemicals, Inc. will post 8.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 11th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $1.16 per share. The ex-dividend date is Monday, September 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.13%. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 62.28%.

Air Products & Chemicals Company Profile

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

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

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