1,798 Shares in Air Products & Chemicals, Inc. (NYSE:APD) Acquired by Prospera Financial Services Inc

Prospera Financial Services Inc acquired a new position in Air Products & Chemicals, Inc. (NYSE:APD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,798 shares of the basic materials company’s stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Air Products & Chemicals by 2.8% during the 2nd quarter. BlackRock Inc. now owns 16,830,640 shares of the basic materials company’s stock valued at $3,809,950,000 after acquiring an additional 454,016 shares in the last quarter. Nordea Investment Management AB raised its holdings in Air Products & Chemicals by 358.5% in the 1st quarter. Nordea Investment Management AB now owns 405,635 shares of the basic materials company’s stock worth $77,462,000 after acquiring an additional 317,174 shares during the last quarter. Bahl & Gaynor Inc. raised its holdings in Air Products & Chemicals by 18.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,557,160 shares of the basic materials company’s stock worth $352,494,000 after acquiring an additional 244,100 shares during the last quarter. First Trust Advisors LP raised its holdings in Air Products & Chemicals by 71.7% in the 2nd quarter. First Trust Advisors LP now owns 527,192 shares of the basic materials company’s stock worth $119,340,000 after acquiring an additional 220,088 shares during the last quarter. Finally, Cibc World Markets Corp raised its holdings in Air Products & Chemicals by 247.7% in the 2nd quarter. Cibc World Markets Corp now owns 280,567 shares of the basic materials company’s stock worth $63,512,000 after acquiring an additional 199,880 shares during the last quarter. Institutional investors own 85.37% of the company’s stock.

In related news, CEO Seifi Ghasemi acquired 20,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was acquired at an average price of $227.16 per share, with a total value of $4,543,200.00. Following the acquisition, the chief executive officer now directly owns 453,783 shares of the company’s stock, valued at $103,081,346.28. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.35% of the stock is owned by corporate insiders.



APD has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Air Products & Chemicals from $207.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, June 7th. Barclays upped their price objective on Air Products & Chemicals from $220.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Susquehanna Bancshares restated a “neutral” rating on shares of Air Products & Chemicals in a research note on Monday, August 19th. Seaport Global Securities lowered 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. Finally, KeyCorp upped their price objective on Air Products & Chemicals from $220.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Air Products & Chemicals has an average rating of “Hold” and an average target price of $234.71.

Air Products & Chemicals stock traded up $1.98 during mid-day trading on Thursday, hitting $223.60. The stock had a trading volume of 24,633 shares, compared to its average volume of 933,219. The firm has a market capitalization of $47.43 billion, a P/E ratio of 30.00, a P/E/G ratio of 2.15 and a beta of 0.86. The company has a current ratio of 2.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $224.61 and its 200 day moving average is $211.07. Air Products & Chemicals, Inc. has a one year low of $148.44 and a one year high of $232.47.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 25th. The basic materials company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.03. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.32 billion. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. Air Products & Chemicals’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. As a group, equities research analysts forecast that Air Products & Chemicals, Inc. will post 8.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 11th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, September 30th. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 62.28%.

Air Products & Chemicals Company 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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