Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Catalina Capital Group LLC

Catalina Capital Group LLC reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 14.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 811 shares of the basic materials company’s stock after selling 133 shares during the period. Catalina Capital Group LLC’s holdings in Air Products and Chemicals were worth $209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in shares of Air Products and Chemicals during the 4th quarter valued at approximately $315,000. Larson Financial Group LLC boosted its holdings in Air Products and Chemicals by 39.1% in the 4th quarter. Larson Financial Group LLC now owns 551 shares of the basic materials company’s stock worth $151,000 after buying an additional 155 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $371,000. Magnolia Capital Advisors LLC purchased a new position in shares of Air Products and Chemicals in the fourth quarter valued at approximately $1,299,000. Finally, Atria Wealth Solutions Inc. boosted its stake in shares of Air Products and Chemicals by 4.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,424 shares of the basic materials company’s stock worth $5,605,000 after acquiring an additional 928 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE:APD traded up $1.43 during trading hours on Friday, reaching $275.86. 514,167 shares of the company traded hands, compared to its average volume of 1,682,664. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.31. The stock has a market cap of $61.33 billion, a P/E ratio of 24.90, a P/E/G ratio of 3.17 and a beta of 0.81. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71. The firm’s 50-day moving average is $266.97 and its 200-day moving average is $252.17.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Equities research analysts expect that Air Products and Chemicals, Inc. will post 12.29 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s payout ratio is currently 63.90%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on APD shares. Morgan Stanley boosted their price target on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. UBS Group increased their price target on Air Products and Chemicals from $276.00 to $281.00 and gave the company a “neutral” rating in a report on Tuesday. Barclays upped their target price on Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Citigroup upped their price objective on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Bank of America boosted 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 report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Air Products and Chemicals has a consensus rating of “Hold” and a consensus price target of $297.40.

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.