Wealth Enhancement Advisory Services LLC Purchases Shares of 10,082 Air Products and Chemicals, Inc. (NYSE:APD)

Wealth Enhancement Advisory Services LLC purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,082 shares of the basic materials company’s stock, valued at approximately $1,446,000.

A number of other large investors have also modified their holdings of APD. Baldwin Brothers Inc. MA increased its stake in Air Products and Chemicals by 5.3% in the first quarter. Baldwin Brothers Inc. MA now owns 1,363 shares of the basic materials company’s stock worth $184,000 after buying an additional 68 shares during the period. BLB&B Advisors LLC increased its stake in Air Products and Chemicals by 3.9% in the first quarter. BLB&B Advisors LLC now owns 5,905 shares of the basic materials company’s stock worth $799,000 after buying an additional 220 shares during the period. Parametrica Management Ltd purchased a new stake in Air Products and Chemicals during the first quarter worth approximately $204,000. Private Trust Co. NA increased its stake in Air Products and Chemicals by 1.2% in the first quarter. Private Trust Co. NA now owns 7,156 shares of the basic materials company’s stock worth $968,000 after buying an additional 84 shares during the period. Finally, Verde Servicos Internacionais S.A. increased its stake in Air Products and Chemicals by 30.2% in the first quarter. Verde Servicos Internacionais S.A. now owns 15,710 shares of the basic materials company’s stock worth $2,125,000 after buying an additional 3,641 shares during the period. 88.75% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals, Inc. (NYSE:APD) traded up 0.15% during mid-day trading on Friday, hitting $145.76. The stock had a trading volume of 1,402,444 shares. The firm has a market cap of $31.77 billion, a P/E ratio of 10.95 and a beta of 1.25. Air Products and Chemicals, Inc. has a 12-month low of $129.00 and a 12-month high of $150.45. The stock has a 50-day moving average price of $145.17 and a 200 day moving average price of $141.94.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.06. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 EPS. Equities analysts anticipate that Air Products and Chemicals, Inc. will post $6.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s payout ratio is currently 28.51%.

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A number of research firms recently commented on APD. Deutsche Bank AG lifted their target price on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 14th. Zacks Investment Research cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Vertical Research upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price target for the company in a research report on Monday, August 7th. Finally, BidaskClub cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $152.77.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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