PUREfi Wealth LLC Takes $335,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

PUREfi Wealth LLC purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,137 shares of the basic materials company's stock, valued at approximately $335,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Air Products and Chemicals by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 21,485,176 shares of the basic materials company's stock valued at $6,231,560,000 after acquiring an additional 207,404 shares during the period. Dodge & Cox raised its stake in Air Products and Chemicals by 1.0% in the fourth quarter. Dodge & Cox now owns 6,663,154 shares of the basic materials company's stock valued at $1,932,581,000 after purchasing an additional 64,960 shares in the last quarter. Bank of America Corp DE lifted its position in Air Products and Chemicals by 129.4% during the fourth quarter. Bank of America Corp DE now owns 5,429,147 shares of the basic materials company's stock worth $1,574,670,000 after purchasing an additional 3,062,157 shares during the period. Geode Capital Management LLC increased its holdings in Air Products and Chemicals by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 4,931,661 shares of the basic materials company's stock valued at $1,430,354,000 after buying an additional 57,314 shares during the period. Finally, Mantle Ridge LP acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $1,191,344,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Price Performance

APD stock opened at $277.19 on Wednesday. The company has a market capitalization of $61.69 billion, a P/E ratio of 40.29, a PEG ratio of 5.38 and a beta of 0.86. The company has a fifty day moving average price of $272.51 and a 200-day moving average price of $293.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.85 and a current ratio of 1.00. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its 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). Air Products and Chemicals had a return on equity of 15.48% and a net margin of 12.76%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business earned $2.85 earnings per share. The firm's revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Tuesday, July 1st will be issued a $1.79 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $7.16 annualized dividend and a yield of 2.58%. Air Products and Chemicals's payout ratio is 104.07%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Air Products and Chemicals in a research report on Friday, June 13th. They set an "outperform" rating and a $355.00 price target on the stock. Wells Fargo & Company reduced their target price on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley started coverage on Air Products and Chemicals in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price target on the stock. Barclays dropped their price objective on Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Finally, UBS Group decreased their target price on Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $332.41.

Air Products and Chemicals Profile

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.

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