Tobam Buys 138 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Tobam increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 50.7% during the third quarter, Holdings Channel reports. The firm owned 410 shares of the basic materials company’s stock after acquiring an additional 138 shares during the period. Tobam’s holdings in Air Products and Chemicals were worth $122,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APD. Strategic Advisors LLC raised its position in Air Products and Chemicals by 0.6% during the third quarter. Strategic Advisors LLC now owns 9,493 shares of the basic materials company’s stock valued at $2,826,000 after purchasing an additional 53 shares in the last quarter. Brendel Financial Advisors LLC lifted its stake in shares of Air Products and Chemicals by 2.2% in the 3rd quarter. Brendel Financial Advisors LLC now owns 12,672 shares of the basic materials company’s stock valued at $3,773,000 after acquiring an additional 270 shares during the last quarter. Wedmont Private Capital increased its position in Air Products and Chemicals by 9.2% during the 3rd quarter. Wedmont Private Capital now owns 1,503 shares of the basic materials company’s stock valued at $470,000 after purchasing an additional 126 shares during the period. Abner Herrman & Brock LLC raised its holdings in Air Products and Chemicals by 1.0% during the 3rd quarter. Abner Herrman & Brock LLC now owns 34,934 shares of the basic materials company’s stock worth $10,401,000 after purchasing an additional 330 shares during the last quarter. Finally, Saxon Interests Inc. lifted its position in shares of Air Products and Chemicals by 13.3% in the 3rd quarter. Saxon Interests Inc. now owns 4,136 shares of the basic materials company’s stock worth $1,232,000 after purchasing an additional 487 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on APD shares. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $305.00 to $365.00 in a research note on Monday. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price objective for the company from $295.00 to $364.00 in a research note on Monday. The Goldman Sachs Group raised their target price on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. UBS Group boosted their price target on 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. Finally, Wells Fargo & Company lifted 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 note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average price target of $313.53.

Air Products and Chemicals Trading Up 0.2 %

Shares of Air Products and Chemicals stock opened at $314.67 on Friday. The firm has a market cap of $69.95 billion, a PE ratio of 28.40, a P/E/G ratio of 3.89 and a beta of 0.82. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $323.86. 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 stock has a fifty day moving average price of $283.53 and a 200-day moving average price of $264.65.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data 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. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be paid a $1.77 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $7.08 annualized dividend and a yield of 2.25%. Air Products and Chemicals’s payout ratio is 63.90%.

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.