186 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Purchased by Family Firm Inc.

Family Firm Inc. purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 186 shares of the basic materials company’s stock, valued at approximately $48,000.

A number of other hedge funds also recently bought and sold shares of the company. Capital Research Global Investors raised its position in Air Products and Chemicals by 167.2% in the 4th quarter. Capital Research Global Investors now owns 6,921,011 shares of the basic materials company’s stock worth $1,894,973,000 after buying an additional 4,330,471 shares during the last quarter. Norges Bank purchased a new position in Air Products and Chemicals in the 4th quarter worth about $852,288,000. Clearbridge Investments LLC raised its position in Air Products and Chemicals by 50.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,547,202 shares of the basic materials company’s stock worth $374,841,000 after buying an additional 520,179 shares during the last quarter. Scharf Investments LLC purchased a new position in Air Products and Chemicals in the 1st quarter worth about $87,173,000. Finally, Nordea Investment Management AB raised its position in Air Products and Chemicals by 66.1% in the 1st quarter. Nordea Investment Management AB now owns 860,519 shares of the basic materials company’s stock worth $207,807,000 after buying an additional 342,322 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.5 %

Air Products and Chemicals stock opened at $275.86 on Friday. The firm has a 50 day moving average of $266.97 and a 200 day moving average of $252.41. The firm has a market capitalization of $61.33 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 3.17 and a beta of 0.81. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $307.71. The company has a current ratio of 1.27, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.16. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. As a group, research analysts predict that Air Products and Chemicals, Inc. will post 12.29 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be paid a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 annualized dividend and a yield of 2.57%. Air Products and Chemicals’s payout ratio is 63.90%.

Wall Street Analyst Weigh In

APD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays upped their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Wells Fargo & Company upped their price target on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. UBS Group upped their price target on shares of Air Products and Chemicals from $276.00 to $281.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group upped their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $297.40.

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.