Angeles Investment Advisors LLC Grows Position in Air Products and Chemicals, Inc. (NYSE:APD)

Angeles Investment Advisors LLC grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,299 shares of the basic materials company’s stock after purchasing an additional 84 shares during the period. Angeles Investment Advisors LLC’s holdings in Air Products and Chemicals were worth $593,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Pine Harbor Wealth Management LLC lifted its position in shares of Air Products and Chemicals by 9.4% during the second quarter. Pine Harbor Wealth Management LLC now owns 1,238 shares of the basic materials company’s stock worth $319,000 after acquiring an additional 106 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Air Products and Chemicals during the 2nd quarter worth about $2,184,000. Mystic Asset Management Inc. lifted its holdings in shares of Air Products and Chemicals by 11.9% in the second quarter. Mystic Asset Management Inc. now owns 937 shares of the basic materials company’s stock worth $242,000 after buying an additional 100 shares in the last quarter. Hanson & Doremus Investment Management boosted its position in shares of Air Products and Chemicals by 2.5% in the second quarter. Hanson & Doremus Investment Management now owns 3,751 shares of the basic materials company’s stock valued at $968,000 after acquiring an additional 90 shares during the period. Finally, J.W. Cole Advisors Inc. increased its holdings in Air Products and Chemicals by 232.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 6,830 shares of the basic materials company’s stock worth $1,763,000 after acquiring an additional 4,774 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

APD opened at $284.13 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $271.06 and its 200 day simple moving average is $258.02. The firm has a market cap of $63.16 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 3.70 and a beta of 0.82. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $307.71.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. As a group, analysts predict that Air Products and Chemicals, Inc. will post 12.32 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.90%.

Analysts Set New Price Targets

APD has been the topic of several research analyst reports. Barclays upped their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. upped their price objective on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Citigroup lifted their target price on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 12th. UBS Group raised their price objective on shares of Air Products and Chemicals from $276.00 to $281.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, StockNews.com lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $297.40.

About Air Products and Chemicals

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.