Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 0.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,293 shares of the basic materials company’s stock after purchasing an additional 127 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $3,463,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Trilogy Capital Inc. purchased a new position in Air Products and Chemicals during the 1st quarter worth $2,625,000. Founders Financial Securities LLC raised its stake in Air Products and Chemicals by 140.6% during the 1st quarter. Founders Financial Securities LLC now owns 2,505 shares of the basic materials company’s stock valued at $607,000 after acquiring an additional 1,464 shares during the last quarter. Symphony Financial Ltd. Co. lifted its position in Air Products and Chemicals by 19.7% during the 1st quarter. Symphony Financial Ltd. Co. now owns 2,268 shares of the basic materials company’s stock worth $549,000 after acquiring an additional 373 shares during the period. Vicus Capital purchased a new position in shares of Air Products and Chemicals in the 1st quarter valued at approximately $321,000. Finally, Romano Brothers AND Company raised its stake in shares of Air Products and Chemicals by 133.0% during the first quarter. Romano Brothers AND Company now owns 14,609 shares of the basic materials company’s stock worth $3,539,000 after purchasing an additional 8,340 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Mizuho cut their price objective on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Bank of America boosted their target price on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. TD Cowen raised their price target on Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday. Finally, BMO Capital Markets increased their price objective on Air Products and Chemicals from $276.00 to $294.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $287.29.

Air Products and Chemicals Price Performance

Shares of NYSE APD traded down $5.02 during trading on Friday, reaching $258.05. The company had a trading volume of 2,606,874 shares, compared to its average volume of 2,045,374. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $57.37 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.80 and a beta of 0.84. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71. The stock has a 50-day moving average price of $259.73 and a two-hundred day moving average price of $251.71.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.15. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the company earned $2.74 EPS. As a group, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.3 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Monday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.90%.

Air Products and Chemicals Company 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.