Shares of Air Products and Chemicals, Inc. (NYSE:APD) bought by Central Valley Advisors LLC

VaselineOctober 6, 2024

0 4 minutes read

Central Valley Advisors LLC grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,373 shares of the basic materials company’s stock after buying an additional 154 shares during the quarter. Air Products and Chemicals comprises about 1.1% of Central Valley Advisors LLC’s holdings, making the stock its 26th biggest holding. Central Valley Advisors LLC’s holdings in Air Products and Chemicals were worth $1,897,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Campbell & CO Investment Adviser LLC purchased a new position in Air Products and Chemicals in the fourth quarter valued at $449,000. Rafferty Asset Management LLC grew its position in shares of Air Products and Chemicals by 0.6% in the fourth quarter. Rafferty Asset Management LLC now owns 21,565 shares of the basic materials company’s stock valued at $5,904,000 after buying an additional 135 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Air Products and Chemicals by 17.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 17,970 shares of the basic materials company’s stock worth $4,920,000 , after buying an additional 2,701 shares during the period. 1832 Asset Management LP lifted its position in shares of Air Products and Chemicals by 8.6% during the 4th quarter. 1832 Asset Management LP now owns 65,186 shares of the basic materials company’s stock, valued at $17,848,000, after which bought an additional 5,142 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Air Products and Chemicals by 10.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 849,349 shares of the basic materials company’s stock valued at $232,552,000 after acquiring an additional 83,273 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s shares.

Trading of air products and chemicals down 0.0%

NYSE APD traded down $0.08 on Friday, reaching $285.50. The stock had a trading volume of 924,756 shares, compared to its average volume of 1,613,907. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $302.03. The stock has a fifty day moving average price of $280.67 and a two hundred day moving average price of $262.92. The firm has a market cap of $63.47 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 3.89 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.27, and a debt-to-equity ratio of 0.77.

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Air Products and Chemicals (NYSE:APD – Get Free Report ) last announced its earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. As a group, sell-side analysts estimate that Air Products and Chemicals, Inc. will post 12.33 EPS for the current fiscal year.

Air Products and Chemicals announces dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be paid a dividend of $1.77 per share. This represents an annualized dividend of $7.08 and a yield of 2.48%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s payout ratio is currently 63.90%.

The Wall Street analyst weighs in

Several analysts have recently issued reports on APD shares. JPMorgan Chase & Co. lifted their price target on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Bank of America upped their target price on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Barclays boosted their target price on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, Goldman Sachs Group boosted their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday. August 5. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $296.50.

Read our latest report on air products and chemicals

Profile of Air Products and Chemicals

(Free report)

Air Products and Chemicals, Inc provides atmospheric, process and specialty gases, equipment and related services in the Americas, Asia, Europe, 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 synthesis gas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, power generation, medical, food and metals.