Seeyond Has $908,000 Stake in Air Products & Chemicals, Inc. (NYSE:APD)
Seeyond raised its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 155.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,011 shares of the basic materials company’s stock after acquiring an additional 2,438 shares during the period. Seeyond’s holdings in Air Products & Chemicals were worth $908,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new stake in shares of Air Products & Chemicals in the second quarter valued at approximately $26,000. Squar Milner Financial Services LLC grew its holdings in Air Products & Chemicals by 87.1% during the 2nd quarter. Squar Milner Financial Services LLC now owns 131 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 61 shares during the period. IMA Wealth Inc. grew its holdings in Air Products & Chemicals by 285.7% during the 1st quarter. IMA Wealth Inc. now owns 135 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Advisory Alpha LLC acquired a new stake in Air Products & Chemicals during the 1st quarter worth $29,000. Finally, Meridian Wealth Management LLC acquired a new stake in Air Products & Chemicals during the 2nd quarter worth $43,000. 85.47% of the stock is owned by institutional investors.
A number of research firms have commented on APD. Citigroup set a $260.00 target price on shares of Air Products & Chemicals and gave the stock a “buy” rating in a report on Monday, July 15th. Barclays lifted their target price on shares of Air Products & Chemicals from $220.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $254.00 target price (up previously from $214.00) on shares of Air Products & Chemicals in a report on Friday, July 26th. BMO Capital Markets lifted their target price on shares of Air Products & Chemicals from $235.00 to $252.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, HSBC lowered shares of Air Products & Chemicals from a “buy” rating to a “hold” rating and lowered their target price for the stock from $217.00 to $215.00 in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Air Products & Chemicals currently has an average rating of “Hold” and an average price target of $234.71.
Shares of NYSE APD traded up $1.10 during midday trading on Friday, reaching $221.77. 33,349 shares of the stock were exchanged, compared to its average volume of 872,807. The business has a 50-day simple moving average of $225.55 and a two-hundred day simple moving average of $209.86. The company has a market capitalization of $47.11 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 2.14 and a beta of 0.86. Air Products & Chemicals, Inc. has a 12 month low of $148.44 and a 12 month high of $232.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.28 and a quick ratio of 2.09.
Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.03. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.95 earnings per share. Equities research analysts expect that Air Products & Chemicals, Inc. will post 8.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 11th. Stockholders of record on Tuesday, October 1st will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.09%. Air Products & Chemicals’s dividend payout ratio is 62.28%.
Air Products & Chemicals 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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