Qsemble Capital Management LP Has $1.88 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Qsemble Capital Management LP increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 52.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,302 shares of the basic materials company’s stock after acquiring an additional 2,517 shares during the quarter. Qsemble Capital Management LP’s holdings in Air Products and Chemicals were worth $1,884,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sachetta LLC bought a new position in shares of Air Products and Chemicals during the 4th quarter worth about $27,000. Security National Bank bought a new position in shares of Air Products and Chemicals in the 4th quarter worth $27,000. Thompson Investment Management Inc. acquired a new stake in Air Products and Chemicals in the 1st quarter valued at $27,000. Transcendent Capital Group LLC bought a new stake in Air Products and Chemicals during the 4th quarter valued at $28,000. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Air Products and Chemicals by 2,250.0% in the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock valued at $34,000 after buying an additional 135 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on APD. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their price target for the company from $310.00 to $280.00 in a research report on Monday, July 22nd. UBS Group raised their target price on Air Products and Chemicals from $276.00 to $281.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. BMO Capital Markets upped their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Morgan Stanley raised their price objective on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Finally, The Goldman Sachs Group increased their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $297.40.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $277.40 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $269.89 and a two-hundred day simple moving average of $257.11. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71. The firm has a market cap of $61.67 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 3.58 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Analysts anticipate that Air Products and Chemicals, Inc. will post 12.32 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s payout ratio is currently 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.