Central Valley Advisors LLC Acquires New Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Central Valley Advisors LLC purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APDFree Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,514 shares of the basic materials company’s stock, valued at approximately $1,510,000.

A number of other institutional investors have also made changes to their positions in APD. Turtle Creek Wealth Advisors LLC bought a new position in Air Products and Chemicals during the fourth quarter worth $27,000. Roble Belko & Company Inc acquired a new stake in shares of Air Products and Chemicals during the 4th quarter valued at about $27,000. Sachetta LLC acquired a new position in Air Products and Chemicals in the fourth quarter worth about $27,000. Stuart Chaussee & Associates Inc. lifted its stake in Air Products and Chemicals by 257.6% during the fourth 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 during the period. Finally, Rakuten Securities Inc. acquired a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $33,000. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APD. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Wolfe Research began coverage on Air Products and Chemicals in a research report on Friday, March 1st. They issued an “outperform” rating and a $279.00 price target on the stock. Morgan Stanley decreased their price target on shares of Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. TD Cowen raised their price objective on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Seaport Res Ptn cut Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $273.77.

Read Our Latest Stock Analysis on Air Products and Chemicals

Air Products and Chemicals Stock Performance

NYSE:APD traded down $1.52 during mid-day trading on Tuesday, hitting $264.69. 1,900,229 shares of the stock were exchanged, compared to its average volume of 1,730,588. 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 firm’s 50-day simple moving average is $241.43 and its 200 day simple moving average is $251.64. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The stock has a market capitalization of $58.84 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 2.84 and a beta of 0.80.

Air Products and Chemicals (NYSE:APDGet Free Report) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.70 by $0.15. The firm had revenue of $2.93 billion during 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 business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.74 earnings per share. As a group, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be issued a $1.77 dividend. The ex-dividend date is Friday, June 28th. This represents a $7.08 annualized dividend and a yield of 2.67%. Air Products and Chemicals’s payout ratio is 63.90%.

Air Products and Chemicals 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

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

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