Telos Capital Management Inc. Acquires 106 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Telos Capital Management Inc. lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,950 shares of the basic materials company’s stock after buying an additional 106 shares during the quarter. Telos Capital Management Inc.’s holdings in Air Products and Chemicals were worth $7,213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sachetta LLC purchased a new stake in shares of Air Products and Chemicals during the 4th quarter worth approximately $27,000. Security National Bank purchased a new stake in Air Products and Chemicals during the fourth quarter valued at $27,000. Transcendent Capital Group LLC bought a new position in Air Products and Chemicals during the fourth quarter valued at $28,000. Thompson Investment Management Inc. bought a new position in Air Products and Chemicals during the first quarter valued at $27,000. Finally, Clear Investment Research LLC grew its stake in shares of Air Products and Chemicals by 700.0% in the 4th quarter. Clear Investment Research LLC now owns 128 shares of the basic materials company’s stock worth $35,000 after buying an additional 112 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on APD shares. Citigroup upped their target price on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Bank of America boosted their target price on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Wells Fargo & Company boosted their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley raised their price objective on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Hold” and a consensus price target of $297.40.

Air Products and Chemicals Stock Up 0.6 %

Shares of NYSE APD traded up $1.75 during trading hours on Friday, hitting $278.85. 919,017 shares of the stock were exchanged, compared to its average volume of 905,509. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The firm has a fifty day moving average price of $267.41 and a 200-day moving average price of $254.46. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The company has a market cap of $61.99 billion, a PE ratio of 25.17, a PEG ratio of 3.72 and a beta of 0.81.

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

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 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.