Exchange Traded Concepts LLC Has $69,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Exchange Traded Concepts LLC lifted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 26.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 235 shares of the basic materials company’s stock after purchasing an additional 49 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Air Products and Chemicals were worth $69,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in APD. Cornell Pochily Investment Advisors Inc. grew its holdings in Air Products and Chemicals by 1.5% during the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 4,165 shares of the basic materials company’s stock worth $1,228,000 after acquiring an additional 63 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of Air Products and Chemicals by 20.9% in the 1st quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company’s stock valued at $473,000 after acquiring an additional 277 shares during the period. Dynamic Advisor Solutions LLC raised its position in shares of Air Products and Chemicals by 3.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 7,120 shares of the basic materials company’s stock valued at $2,100,000 after acquiring an additional 266 shares during the period. Missouri Trust & Investment Co raised its position in shares of Air Products and Chemicals by 19.3% in the 1st quarter. Missouri Trust & Investment Co now owns 340 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 55 shares during the period. Finally, Dover Advisors LLC raised its holdings in Air Products and Chemicals by 29.4% during the 1st quarter. Dover Advisors LLC now owns 4,945 shares of the basic materials company’s stock worth $1,458,000 after buying an additional 1,123 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 2.8%

Shares of NYSE:APD opened at $280.91 on Wednesday. The company has a market capitalization of $62.51 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 5.24 and a beta of 0.86. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.00 and a quick ratio of 0.85. The business has a fifty day moving average price of $273.26 and a two-hundred day moving average price of $291.59. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.14). The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.94 billion. Air Products and Chemicals had a return on equity of 15.48% and a net margin of 12.76%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.85 EPS. Analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Tuesday, July 1st will be paid a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $7.16 annualized dividend and a yield of 2.55%. Air Products and Chemicals’s dividend payout ratio is currently 104.07%.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Royal Bank Of Canada initiated coverage on shares of Air Products and Chemicals in a research report on Friday, June 13th. They set an “outperform” rating and a $355.00 price objective for the company. UBS Group reduced their price objective on shares of Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Barclays dropped their target price on Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Finally, Bank of America downgraded Air Products and Chemicals from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $330.00 to $282.00 in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus price target of $332.41.

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.