Cetera Advisors LLC Buys Shares of 1,139 Air Products & Chemicals, Inc. (NYSE:APD)

Cetera Advisors LLC purchased a new stake in Air Products & Chemicals, Inc. (NYSE:APD) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,139 shares of the basic materials company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Field & Main Bank bought a new position in Air Products & Chemicals during the first quarter worth about $27,000. Athena Capital Advisors LLC acquired a new stake in shares of Air Products & Chemicals during the fourth quarter worth $28,000. Old North State Trust LLC increased its position in shares of Air Products & Chemicals by 376.1% during the fourth quarter. Old North State Trust LLC now owns 219 shares of the basic materials company’s stock worth $35,000 after buying an additional 173 shares during the period. Pinnacle Bank acquired a new stake in shares of Air Products & Chemicals during the fourth quarter worth $38,000. Finally, Transamerica Financial Advisors Inc. increased its position in shares of Air Products & Chemicals by 617.6% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 244 shares of the basic materials company’s stock worth $39,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 87.13% of the company’s stock.

In other Air Products & Chemicals news, VP Russell A. Flugel sold 2,970 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $207.01, for a total transaction of $614,819.70. Following the completion of the transaction, the vice president now directly owns 6,387 shares of the company’s stock, valued at approximately $1,322,172.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

APD has been the topic of several research reports. KeyCorp lifted their price objective on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. increased their price objective on Air Products & Chemicals from $167.00 to $207.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Bank of America upgraded Air Products & Chemicals from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $170.00 to $215.00 in a research report on Thursday, April 25th. Deutsche Bank increased their target price on Air Products & Chemicals from $182.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Credit Suisse Group increased their target price on Air Products & Chemicals from $188.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $213.00.

Shares of Air Products & Chemicals stock traded down $0.93 on Friday, reaching $219.25. 701,861 shares of the company were exchanged, compared to its average volume of 1,191,902. Air Products & Chemicals, Inc. has a 1-year low of $148.44 and a 1-year high of $224.61. The stock has a market capitalization of $48.21 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 2.27 and a beta of 0.80. The company has a current ratio of 2.36, a quick ratio of 2.16 and a debt-to-equity ratio of 0.29.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.04. Air Products & Chemicals had a return on equity of 15.28% and a net margin of 18.90%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the company posted $1.71 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Sell-side analysts predict that Air Products & Chemicals, Inc. will post 8.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, June 28th. Air Products & Chemicals’s payout ratio is currently 62.28%.

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Air Products & Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and 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, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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