Quotient Wealth Partners LLC Has $453,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Quotient Wealth Partners LLC lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 12.4% during the third quarter, Holdings Channel.com reports. The fund owned 1,521 shares of the basic materials company’s stock after selling 216 shares during the period. Quotient Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $453,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its position in shares of Air Products and Chemicals by 151.3% in the first quarter. Avantax Advisory Services Inc. now owns 24,881 shares of the basic materials company’s stock valued at $6,028,000 after purchasing an additional 14,981 shares during the last quarter. 1832 Asset Management L.P. boosted its position in Air Products and Chemicals by 3.6% in the first quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock valued at $16,355,000 after buying an additional 2,321 shares in the last quarter. Trilogy Capital Inc. bought a new stake in Air Products and Chemicals during the 1st quarter worth $2,625,000. FORA Capital LLC raised its holdings in Air Products and Chemicals by 13.0% in the 1st quarter. FORA Capital LLC now owns 33,823 shares of the basic materials company’s stock valued at $8,194,000 after buying an additional 3,881 shares during the last quarter. Finally, Mizuho Markets Americas LLC lifted its holdings in shares of Air Products and Chemicals by 140.1% during the first quarter. Mizuho Markets Americas LLC now owns 39,164 shares of the basic materials company’s stock worth $9,488,000 after purchasing an additional 22,850 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on APD. UBS Group lifted their price objective on Air Products and Chemicals from $276.00 to $281.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. The Goldman Sachs Group lifted their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research report on Monday. Finally, BMO Capital Markets lifted their price objective on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $313.53.

Air Products and Chemicals Stock Performance

NYSE APD opened at $314.67 on Friday. The firm has a market cap of $69.95 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 3.89 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average is $283.53 and its 200-day moving average is $264.65. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $323.86.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio is presently 63.90%.

Air Products and Chemicals Profile

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.