Air Products and Chemicals, Inc. $APD Stock Sold by Founders Financial Securities LLC

Founders Financial Securities LLC lowered its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 54.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,696 shares of the basic materials company’s stock after selling 5,726 shares during the quarter. Founders Financial Securities LLC’s holdings in Air Products and Chemicals were worth $1,307,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of APD. Gamco Investors INC. ET AL raised its holdings in shares of Air Products and Chemicals by 0.9% during the second quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company’s stock worth $1,147,000 after acquiring an additional 35 shares during the period. Virginia Estate & Retirement Planning Advisors Inc. boosted its position in shares of Air Products and Chemicals by 46.1% during the third quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 111 shares of the basic materials company’s stock worth $31,000 after buying an additional 35 shares during the period. Revisor Wealth Management LLC grew its holdings in shares of Air Products and Chemicals by 0.8% during the first quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock worth $1,320,000 after buying an additional 36 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Air Products and Chemicals by 10.4% during the third quarter. SBI Securities Co. Ltd. now owns 382 shares of the basic materials company’s stock worth $106,000 after buying an additional 36 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its stake in Air Products and Chemicals by 0.7% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company’s stock valued at $1,463,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

NYSE APD opened at $316.37 on Friday. The stock has a market cap of $70.45 billion, a PE ratio of -1,438.05, a P/E/G ratio of 2.98 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The firm has a 50-day moving average of $294.27 and a 200-day moving average of $289.73. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $316.64.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the firm earned $3.09 EPS. The business’s revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Monday, January 4th will be issued a dividend of $1.81 per share. The ex-dividend date of this dividend is Monday, January 4th. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.3%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -3,290.91%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on APD. Sanford C. Bernstein reissued an “outperform” rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 31st. Citigroup lowered their target price on Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Evercore reaffirmed an “outperform” rating and set a $342.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 10th. Argus raised their target price on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Finally, Barclays assumed coverage on shares of Air Products and Chemicals in a research note on Monday, October 12th. They issued an “overweight” rating and a $353.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $333.88.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.