Tobam Purchases 425 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Tobam increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 97.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 861 shares of the basic materials company’s stock after acquiring an additional 425 shares during the period. Tobam’s holdings in Air Products and Chemicals were worth $209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eos Management L.P. increased its holdings in Air Products and Chemicals by 26.2% in the fourth quarter. Eos Management L.P. now owns 27,558 shares of the basic materials company’s stock worth $7,545,000 after purchasing an additional 5,727 shares in the last quarter. Roffman Miller Associates Inc. PA increased its holdings in Air Products and Chemicals by 3.6% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 65,192 shares of the basic materials company’s stock worth $17,850,000 after purchasing an additional 2,285 shares in the last quarter. BKM Wealth Management LLC bought a new stake in Air Products and Chemicals in the fourth quarter worth approximately $1,177,000. Zenyatta Capital Management LP grew its stake in Air Products and Chemicals by 46.7% in the fourth quarter. Zenyatta Capital Management LP now owns 22,000 shares of the basic materials company’s stock valued at $6,024,000 after acquiring an additional 7,000 shares during the period. Finally, Bristol John W & Co. Inc. NY grew its stake in Air Products and Chemicals by 37.6% in the fourth quarter. Bristol John W & Co. Inc. NY now owns 388,474 shares of the basic materials company’s stock valued at $106,364,000 after acquiring an additional 106,054 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on APD shares. BMO Capital Markets raised their price objective on Air Products and Chemicals from $276.00 to $294.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Citigroup dropped their price target on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Mizuho dropped their price target on Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Bank of America lifted their price target on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, TD Cowen boosted their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $287.29.

Get Our Latest Research Report on Air Products and Chemicals

Air Products and Chemicals Trading Up 1.0 %

APD traded up $2.58 during midday trading on Monday, reaching $255.25. 140,050 shares of the company’s stock traded hands, compared to its average volume of 1,762,035. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71. The stock has a market capitalization of $56.74 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 2.74 and a beta of 0.81. The firm has a fifty day moving average of $261.38 and a two-hundred day moving average of $251.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31.

Air Products and Chemicals (NYSE:APDGet Free Report) last announced its 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. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the company earned $2.74 EPS. The business’s revenue was down 8.4% compared to the same quarter last year. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.3 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $7.08 annualized dividend and a yield of 2.77%. Air Products and Chemicals’s dividend payout ratio is 63.90%.

Air Products and Chemicals Profile

(Free Report)

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.

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

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