Berry Wealth Group LP Purchases 305 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Berry Wealth Group LP increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,685 shares of the basic materials company’s stock after acquiring an additional 305 shares during the period. Air Products and Chemicals comprises approximately 2.0% of Berry Wealth Group LP’s portfolio, making the stock its 17th biggest holding. Berry Wealth Group LP’s holdings in Air Products and Chemicals were worth $2,499,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in Air Products and Chemicals in the fourth quarter worth about $315,000. Robertson Stephens Wealth Management LLC increased its stake in shares of Air Products and Chemicals by 11.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,596 shares of the basic materials company’s stock worth $440,000 after purchasing an additional 167 shares during the last quarter. Merit Financial Group LLC grew its holdings in Air Products and Chemicals by 23.1% during the fourth quarter. Merit Financial Group LLC now owns 1,454 shares of the basic materials company’s stock valued at $398,000 after purchasing an additional 273 shares during the period. Sapient Capital LLC bought a new position in Air Products and Chemicals during the fourth quarter valued at $947,000. Finally, AJOVista LLC purchased a new stake in Air Products and Chemicals in the fourth quarter worth $168,000. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. UBS Group increased their target price on shares of Air Products and Chemicals from $276.00 to $281.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. boosted 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 report on Friday, August 2nd. Citigroup raised their price objective on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, BMO Capital Markets lifted their price objective on shares of 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $297.40.

Air Products and Chemicals Price Performance

Shares of NYSE:APD traded up $1.75 on Friday, hitting $278.85. The company’s stock had a trading volume of 919,017 shares, compared to its average volume of 905,509. The company has a market capitalization of $61.99 billion, a PE ratio of 25.17, a PEG ratio of 3.72 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The company has a 50-day simple moving average of $267.41 and a 200 day simple moving average of $254.46. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year 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 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.04 billion. Sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be given a dividend of $1.77 per share. The ex-dividend date is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.54%. 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.