Air Products & Chemicals, Inc. (NYSE:APD) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC grew its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 35.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 281 shares of the basic materials company’s stock after acquiring an additional 73 shares during the period. Global Retirement Partners LLC’s holdings in Air Products & Chemicals were worth $45,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Athena Capital Advisors LLC acquired a new stake in Air Products & Chemicals during the 4th quarter valued at $28,000. Old North State Trust LLC raised its stake in Air Products & Chemicals by 376.1% during the 4th quarter. Old North State Trust LLC now owns 219 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 173 shares during the period. Transamerica Financial Advisors Inc. raised its stake in Air Products & Chemicals by 617.6% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 244 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 210 shares during the period. Legacy Financial Advisors Inc. raised its stake in Air Products & Chemicals by 109.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 255 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 133 shares during the period. Finally, Rational Advisors LLC raised its stake in Air Products & Chemicals by 1,885.7% during the 4th quarter. Rational Advisors LLC now owns 278 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 264 shares during the period. Institutional investors own 87.52% of the company’s stock.

Shares of NYSE APD traded up $2.75 during mid-day trading on Wednesday, hitting $199.42. The company had a trading volume of 1,713,945 shares, compared to its average volume of 1,149,703. Air Products & Chemicals, Inc. has a 12 month low of $148.44 and a 12 month high of $201.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.03 and a current ratio of 2.21. The stock has a market cap of $43.00 billion, a PE ratio of 26.77, a PEG ratio of 1.86 and a beta of 0.82.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.05. Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the business posted $1.71 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Research analysts forecast that Air Products & Chemicals, Inc. will post 8.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 2.33%. The ex-dividend date is Friday, March 29th. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.10. Air Products & Chemicals’s dividend payout ratio is 62.28%.

APD has been the topic of a number of research reports. Bank of America downgraded shares of Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price target on the stock. in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Credit Suisse Group upped their price target on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. KeyCorp upped their price objective on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, BMO Capital Markets upped their price objective on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $196.40.

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Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

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