RFG Advisory LLC Has $1.85 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

RFG Advisory LLC grew its position in Air Products and Chemicals, Inc. (NYSE:APD) by 15.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,167 shares of the basic materials company’s stock after purchasing an additional 935 shares during the period. RFG Advisory LLC’s holdings in Air Products and Chemicals were worth $1,849,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of APD. Turtle Creek Wealth Advisors LLC acquired a new stake in Air Products and Chemicals in the fourth quarter worth $27,000. Roble Belko & Company Inc acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth $27,000. Sachetta LLC acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth $27,000. Security National Bank acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth $27,000. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Air Products and Chemicals during the first quarter worth $27,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APD has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. BMO Capital Markets raised their price objective on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Citigroup lifted their price target on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their price target for the company from $310.00 to $280.00 in a research note on Monday, July 22nd. Finally, UBS Group lifted their price target on shares of Air Products and Chemicals from $257.00 to $268.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $296.53.

Air Products and Chemicals Stock Performance

Shares of APD stock traded down $4.36 during midday trading on Monday, hitting $273.87. 1,113,984 shares of the company were exchanged, compared to its average volume of 1,741,749. The firm has a market capitalization of $60.88 billion, a P/E ratio of 25.11, a PEG ratio of 3.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.27. The firm’s 50 day moving average price is $267.31 and its two-hundred day moving average price is $250.70. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s payout ratio is 63.90%.

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.