TRUE Private Wealth Advisors Acquires 361 Shares of Air Products & Chemicals, Inc. (NYSE:APD)

TRUE Private Wealth Advisors grew its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 22.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,984 shares of the basic materials company’s stock after purchasing an additional 361 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Air Products & Chemicals were worth $451,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of APD. Bailard Inc. boosted its stake in Air Products & Chemicals by 2.0% during the 2nd quarter. Bailard Inc. now owns 2,347 shares of the basic materials company’s stock worth $531,000 after acquiring an additional 45 shares during the last quarter. Evermay Wealth Management LLC boosted its stake in Air Products & Chemicals by 3.5% during the 1st quarter. Evermay Wealth Management LLC now owns 1,472 shares of the basic materials company’s stock worth $281,000 after acquiring an additional 50 shares during the last quarter. Trustcore Financial Services LLC boosted its stake in Air Products & Chemicals by 3.2% during the 1st quarter. Trustcore Financial Services LLC now owns 1,610 shares of the basic materials company’s stock worth $307,000 after acquiring an additional 50 shares during the last quarter. Smith Shellnut Wilson LLC ADV boosted its stake in Air Products & Chemicals by 3.3% during the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 1,572 shares of the basic materials company’s stock worth $300,000 after acquiring an additional 50 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. boosted its stake in Air Products & Chemicals by 2.3% during the 1st quarter. Canandaigua National Bank & Trust Co. now owns 2,394 shares of the basic materials company’s stock worth $457,000 after acquiring an additional 53 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

APD has been the topic of several recent analyst reports. Monness Crespi & Hardt reissued a “buy” rating and set a $254.00 price objective (up previously from $214.00) on shares of Air Products & Chemicals in a research note on Friday, July 26th. UBS Group lowered shares of Air Products & Chemicals from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $224.00 to $240.00 in a research note on Thursday, July 11th. Seaport Global Securities lowered shares of Air Products & Chemicals from a “buy” rating to a “neutral” rating in a research note on Friday, July 12th. They noted that the move was a valuation call. Credit Suisse Group raised their target price on shares of Air Products & Chemicals from $221.00 to $238.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Finally, Barclays raised their target price on shares of Air Products & Chemicals from $220.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. Air Products & Chemicals has a consensus rating of “Buy” and an average target price of $234.71.



In related news, VP Russell A. Flugel sold 2,970 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $207.01, for a total transaction of $614,819.70. Following the transaction, the vice president now directly owns 6,387 shares in the company, valued at $1,322,172.87. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Seifi Ghasemi bought 20,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average price of $227.16 per share, for a total transaction of $4,543,200.00. Following the completion of the acquisition, the chief executive officer now owns 453,783 shares of the company’s stock, valued at approximately $103,081,346.28. The disclosure for this purchase can be found here. 0.35% of the stock is owned by company insiders.

Shares of NYSE APD traded up $2.67 during midday trading on Thursday, reaching $225.26. The company’s stock had a trading volume of 262,331 shares, compared to its average volume of 1,162,570. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.28 and a quick ratio of 2.09. Air Products & Chemicals, Inc. has a fifty-two week low of $148.44 and a fifty-two week high of $232.47. The company has a market cap of $49.16 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 2.27 and a beta of 0.84. The stock has a 50 day simple moving average of $227.01.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $2.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the company earned $1.95 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts predict that Air Products & Chemicals, Inc. will post 8.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 11th. Stockholders of record on Tuesday, October 1st will be issued a $1.16 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.06%. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 62.28%.

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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