Archford Capital Strategies LLC Has $300,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Archford Capital Strategies LLC cut its position in Air Products and Chemicals, Inc. (NYSE:APDGet Rating) by 39.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,248 shares of the basic materials company’s stock after selling 830 shares during the quarter. Archford Capital Strategies LLC’s holdings in Air Products and Chemicals were worth $300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in APD. SJS Investment Consulting Inc. acquired a new position in shares of Air Products and Chemicals in the 1st quarter valued at approximately $30,000. Rise Advisors LLC raised its position in shares of Air Products and Chemicals by 57.7% in the 1st quarter. Rise Advisors LLC now owns 123 shares of the basic materials company’s stock valued at $31,000 after buying an additional 45 shares in the last quarter. Rational Advisors LLC increased its position in Air Products and Chemicals by 68.6% during the 1st quarter. Rational Advisors LLC now owns 145 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 59 shares in the last quarter. Quent Capital LLC acquired a new position in Air Products and Chemicals during the 4th quarter worth approximately $40,000. Finally, FinTrust Capital Advisors LLC increased its position in Air Products and Chemicals by 617.4% during the 1st quarter. FinTrust Capital Advisors LLC now owns 165 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 142 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on APD. UBS Group lowered their price objective on shares of Air Products and Chemicals from $321.00 to $295.00 in a research report on Wednesday, July 13th. Citigroup upped their price objective on shares of Air Products and Chemicals to $272.00 in a research report on Monday, August 15th. Mizuho lowered their price objective on shares of Air Products and Chemicals from $312.00 to $286.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Wells Fargo & Company lowered their price objective on shares of Air Products and Chemicals from $255.00 to $243.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Finally, Bank of America reduced their target price on shares of Air Products and Chemicals from $272.00 to $271.00 and set a “neutral” rating on the stock in a report on Wednesday, July 13th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus price target of $292.56.

Air Products and Chemicals Trading Down 1.8 %

NYSE:APD opened at $244.89 on Wednesday. The firm’s fifty day moving average is $250.89 and its 200-day moving average is $244.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.72 and a current ratio of 1.87. Air Products and Chemicals, Inc. has a 52 week low of $216.24 and a 52 week high of $316.39. The firm has a market cap of $54.32 billion, a P/E ratio of 23.87, a P/E/G ratio of 1.69 and a beta of 0.79.

Air Products and Chemicals (NYSE:APDGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The basic materials company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $0.01. Air Products and Chemicals had a net margin of 19.08% and a return on equity of 15.61%. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the firm posted $2.31 EPS. The company’s quarterly revenue was up 22.4% on a year-over-year basis. Equities analysts expect that Air Products and Chemicals, Inc. will post 10.29 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Investors of record on Monday, October 3rd will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, September 30th. Air Products and Chemicals’s dividend payout ratio is presently 63.16%.

About Air Products and Chemicals

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Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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

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