NorthRock Partners LLC Has $350,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

NorthRock Partners LLC lifted its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,279 shares of the basic materials company’s stock after buying an additional 103 shares during the period. NorthRock Partners LLC’s holdings in Air Products and Chemicals were worth $350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APD. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $27,000. Roble Belko & Company Inc acquired a new position in Air Products and Chemicals in the 4th quarter worth $27,000. Stuart Chaussee & Associates Inc. increased its holdings in Air Products and Chemicals by 257.6% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 85 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $33,000. Finally, Legacy Bridge LLC bought a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $35,000. 81.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on APD shares. BMO Capital Markets lifted their price objective on shares of Air Products and Chemicals from $250.00 to $263.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. reduced their price objective on shares of Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Seaport Res Ptn downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Wells Fargo & Company cut Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 5th. Finally, UBS Group lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $328.00 to $241.00 in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of “Hold” and an average target price of $273.77.

Get Our Latest Report on Air Products and Chemicals

Air Products and Chemicals Stock Performance

APD traded up $5.66 on Friday, reaching $262.70. The company had a trading volume of 2,877,892 shares, compared to its average volume of 1,579,561. The company’s fifty day moving average is $241.07 and its 200 day moving average is $252.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. The stock has a market cap of $58.40 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.78 and a beta of 0.80. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71.

Air Products and Chemicals (NYSE:APDGet Free Report) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.70 by $0.15. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.74 earnings per share. As a group, analysts predict that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be given a dividend of $1.77 per share. The ex-dividend date is Monday, July 1st. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.70%. Air Products and Chemicals’s payout ratio is presently 63.90%.

Air Products and Chemicals Company Profile

(Free Report)

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.

Further Reading

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

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