ORG Wealth Partners LLC Makes New Investment in Air Products and Chemicals, Inc. (NYSE:APD)

ORG Wealth Partners LLC bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 351 shares of the basic materials company’s stock, valued at approximately $105,000.

Several other institutional investors have also recently bought and sold shares of APD. EP Wealth Advisors LLC raised its stake in Air Products and Chemicals by 40.3% during the fourth quarter. EP Wealth Advisors LLC now owns 5,627 shares of the basic materials company’s stock worth $1,541,000 after acquiring an additional 1,616 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth about $1,525,000. HighPoint Advisor Group LLC bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth about $1,193,000. Nomura Holdings Inc. grew its holdings in shares of Air Products and Chemicals by 46.0% during the fourth quarter. Nomura Holdings Inc. now owns 5,979 shares of the basic materials company’s stock worth $1,637,000 after purchasing an additional 1,885 shares during the last quarter. Finally, Confluence Investment Management LLC bought a new stake in Air Products and Chemicals in the first quarter valued at approximately $19,481,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 1.2 %

APD stock opened at $320.58 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The company has a market capitalization of $71.27 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 3.87 and a beta of 0.82. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $323.86. The stock has a fifty day moving average of $285.62 and a 200-day moving average of $266.45.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.16. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate 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, equities research analysts predict that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 annualized dividend and a dividend yield of 2.21%. Air Products and Chemicals’s payout ratio is 63.90%.

Wall Street Analyst Weigh In

APD has been the topic of several recent analyst reports. Barclays boosted their price target on Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. The Goldman Sachs Group upped their target price on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Wells Fargo & Company upped their target price on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday. Mizuho upped their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their target price for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and an average price target of $316.47.

Air Products and Chemicals Company 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.