180 Wealth Advisors LLC Grows Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

180 Wealth Advisors LLC increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 54.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,794 shares of the basic materials company’s stock after purchasing an additional 630 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $533,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Delta Asset Management LLC TN acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at $28,000. Grey Fox Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $30,000. Sageworth Trust Co bought a new position in Air Products and Chemicals in the 1st quarter worth approximately $30,000. Trifecta Capital Advisors LLC grew its holdings in shares of Air Products and Chemicals by 1,250.0% during the 1st quarter. Trifecta Capital Advisors LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Finally, NewSquare Capital LLC acquired a new stake in shares of Air Products and Chemicals during the 1st quarter worth approximately $32,000. 82.62% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Down 0.8 %

Shares of Air Products and Chemicals stock opened at $299.55 on Tuesday. The company has a market capitalization of $66.54 billion, a P/E ratio of 30.47, a P/E/G ratio of 2.61 and a beta of 0.87. Air Products and Chemicals, Inc. has a fifty-two week low of $224.75 and a fifty-two week high of $328.56. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.36. The company has a fifty day moving average of $294.36 and a 200 day moving average of $287.74.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, August 3rd. The basic materials company reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.07. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Air Products and Chemicals had a net margin of 16.88% and a return on equity of 17.18%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.62 EPS. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 11.47 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, October 2nd will be paid a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Friday, September 29th. Air Products and Chemicals’s payout ratio is currently 71.21%.

Wall Street Analysts Forecast Growth

APD has been the topic of several research reports. Mizuho upped their price target on Air Products and Chemicals from $322.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, August 4th. StockNews.com assumed coverage on Air Products and Chemicals in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Citigroup initiated coverage on Air Products and Chemicals in a research report on Tuesday, June 13th. They issued a “buy” rating and a $317.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $318.93.

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; 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, manufacturing, electronics, magnetic resonance imaging, energy production, medical, food, and metals.