Main Street Financial Solutions LLC Has $1.02 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Main Street Financial Solutions LLC increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,940 shares of the basic materials company’s stock after purchasing an additional 40 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Air Products and Chemicals were worth $1,017,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in APD. Sachetta LLC acquired a new position in Air Products and Chemicals during the 4th quarter worth approximately $27,000. Security National Bank acquired a new position in Air Products and Chemicals during the 4th quarter worth approximately $27,000. Thompson Investment Management Inc. acquired a new position in Air Products and Chemicals during the 1st quarter worth approximately $27,000. Transcendent Capital Group LLC bought a new stake in Air Products and Chemicals during the 4th quarter worth approximately $28,000. Finally, Hexagon Capital Partners LLC grew its holdings in Air Products and Chemicals by 2,250.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 135 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APD. StockNews.com lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, September 6th. BMO Capital Markets boosted their target price on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. The Goldman Sachs Group boosted their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Citigroup boosted their target price 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, UBS Group upped their price objective on shares of Air Products and Chemicals from $276.00 to $281.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $297.40.

Air Products and Chemicals Stock Performance

APD opened at $280.10 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The company’s fifty day moving average price is $270.43 and its two-hundred day moving average price is $257.27. 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 market cap of $62.27 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 3.58 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.04 billion. On average, analysts expect that Air Products and Chemicals, Inc. will post 12.32 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be issued a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 annualized dividend and a dividend yield of 2.53%. Air Products and Chemicals’s dividend payout ratio is currently 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.