Marks Group Wealth Management Inc Purchases 893 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Marks Group Wealth Management Inc lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 2.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,659 shares of the basic materials company's stock after buying an additional 893 shares during the period. Air Products and Chemicals comprises 0.9% of Marks Group Wealth Management Inc's holdings, making the stock its 26th largest position. Marks Group Wealth Management Inc's holdings in Air Products and Chemicals were worth $9,337,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APD. Brighton Jones LLC increased its position in Air Products and Chemicals by 14.5% during the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock worth $945,000 after buying an additional 412 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $246,000. Independent Advisor Alliance increased its holdings in shares of Air Products and Chemicals by 12.6% during the 4th quarter. Independent Advisor Alliance now owns 5,702 shares of the basic materials company's stock worth $1,654,000 after acquiring an additional 636 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Air Products and Chemicals by 19.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the basic materials company's stock valued at $489,000 after acquiring an additional 280 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Air Products and Chemicals by 7.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,789 shares of the basic materials company's stock valued at $809,000 after purchasing an additional 184 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Trading Down 0.2%

NYSE APD traded down $0.62 during trading hours on Monday, reaching $291.35. The company's stock had a trading volume of 181,669 shares, compared to its average volume of 1,375,671. The firm has a fifty day simple moving average of $278.81 and a 200-day simple moving average of $290.19. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.00 and a quick ratio of 0.85. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The stock has a market cap of $64.84 billion, a P/E ratio of 42.36, a P/E/G ratio of 5.60 and a beta of 0.85.

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

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Tuesday, July 1st. Air Products and Chemicals's dividend payout ratio is currently 104.07%.

Analyst Upgrades and Downgrades

APD has been the topic of a number of recent research reports. UBS Group raised their price objective on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Citigroup increased their price objective on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Barclays cut their price target on shares of 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. Morgan Stanley assumed coverage on shares of Air Products and Chemicals in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price objective on the stock. Finally, Royal Bank Of Canada began coverage on Air Products and Chemicals in a report on Friday, June 13th. They issued an "outperform" rating and a $355.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of "Moderate Buy" and an average target price of $333.59.

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.