Air Products and Chemicals, Inc. (NYSE:APD) Stock Holdings Increased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,653 shares of the basic materials company’s stock after buying an additional 104 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Air Products and Chemicals were worth $1,369,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of APD. Pacer Advisors Inc. increased its holdings in shares of Air Products and Chemicals by 35.8% during the 4th quarter. Pacer Advisors Inc. now owns 18,955 shares of the basic materials company’s stock worth $5,190,000 after purchasing an additional 4,992 shares during the period. PFG Investments LLC boosted its stake in Air Products and Chemicals by 11.0% during the fourth quarter. PFG Investments LLC now owns 1,003 shares of the basic materials company’s stock worth $275,000 after buying an additional 99 shares in the last quarter. Planned Solutions Inc. bought a new stake in Air Products and Chemicals in the 4th quarter valued at $55,000. Blue Trust Inc. raised its stake in shares of Air Products and Chemicals by 12.4% in the 4th quarter. Blue Trust Inc. now owns 1,582 shares of the basic materials company’s stock valued at $449,000 after buying an additional 175 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Air Products and Chemicals by 9.8% during the 4th quarter. Global Retirement Partners LLC now owns 7,470 shares of the basic materials company’s stock worth $1,945,000 after acquiring an additional 667 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD traded up $4.76 on Monday, hitting $265.74. The company had a trading volume of 1,537,602 shares, compared to its average volume of 1,759,542. The stock has a market cap of $59.08 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 2.88 and a beta of 0.81. The stock has a 50 day moving average price of $265.00 and a 200 day moving average price of $249.71. 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 current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.74 EPS. Analysts expect that Air Products and Chemicals, Inc. will post 12.26 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. TD Cowen lifted their price objective on Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley boosted their price target on 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. Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. Barclays boosted their target price on shares of Air Products and Chemicals from $245.00 to $290.00 and gave the company an “equal weight” rating in a research note on Monday, June 10th. Finally, Mizuho dropped their target price on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Air Products and Chemicals presently has an average rating of “Hold” and a consensus price target of $289.29.

About Air Products and Chemicals

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.