Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,958 shares of the basic materials company's stock after acquiring an additional 1,357 shares during the quarter. Wealthfront Advisers LLC's holdings in Air Products and Chemicals were worth $4,706,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Parvin Asset Management LLC bought a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $715,000. Ritholtz Wealth Management raised its stake in shares of Air Products and Chemicals by 20.9% during the 1st quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock worth $473,000 after acquiring an additional 277 shares in the last quarter. Mantle Ridge LP bought a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $1,191,344,000. Proficio Capital Partners LLC bought a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $246,000. Finally, Allstate Corp bought a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $1,917,000. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Performance

NYSE APD traded up $1.65 during mid-day trading on Friday, reaching $295.23. 2,097,647 shares of the stock were exchanged, compared to its average volume of 1,364,939. The business's 50 day moving average is $280.54 and its 200-day moving average is $290.18. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The company has a market capitalization of $65.70 billion, a P/E ratio of 42.91, a P/E/G ratio of 5.63 and a beta of 0.85. 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 (NYSE:APD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $2.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period last year, the company posted $2.85 earnings per share. The business's quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Wednesday, October 1st will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.43%. Air Products and Chemicals's dividend payout ratio (DPR) is presently 104.07%.

Analyst Ratings Changes

Several analysts have weighed in 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 target price on the stock. Morgan Stanley assumed coverage on shares of Air Products and Chemicals in a research report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 target price on the stock. UBS Group boosted their target price on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company boosted their target price on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Citigroup boosted their target price on shares of Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Air Products and Chemicals has a consensus rating of "Moderate Buy" and an average price target of $331.53.

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.