LexAurum Advisors LLC acquired a new stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 903 shares of the basic materials company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its stake in shares of Air Products & Chemicals by 2.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 34,466 shares of the basic materials company’s stock valued at $7,802,000 after purchasing an additional 837 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in Air Products & Chemicals by 1.1% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 6,789 shares of the basic materials company’s stock worth $1,537,000 after buying an additional 75 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in Air Products & Chemicals in the 2nd quarter worth about $43,000. Canandaigua National Bank & Trust Co. boosted its holdings in Air Products & Chemicals by 11.2% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 2,662 shares of the basic materials company’s stock worth $603,000 after buying an additional 268 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Air Products & Chemicals by 17.8% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,642 shares of the basic materials company’s stock worth $598,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 87.10% of the company’s stock.

In other Air Products & Chemicals news, CEO Seifi Ghasemi acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $227.16 per share, for a total transaction of $4,543,200.00. Following the completion of the acquisition, the chief executive officer now owns 453,783 shares of the company’s stock, valued at approximately $103,081,346.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Russell A. Flugel sold 2,970 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $207.01, for a total value of $614,819.70. Following the completion of the transaction, the vice president now owns 6,387 shares in the company, valued at $1,322,172.87. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Several research firms recently issued reports on APD. Zacks Investment Research cut Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Barclays lifted their price objective on Air Products & Chemicals from $220.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday. Deutsche Bank reiterated a “buy” rating and issued a $23.00 price objective on shares of ABB in a report on Friday. Bank of America upgraded Air Products & Chemicals from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $170.00 to $215.00 in a report on Thursday, April 25th. Finally, Vertical Research cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. Air Products & Chemicals has a consensus rating of “Buy” and a consensus target price of $233.77.

Shares of Air Products & Chemicals stock traded up $2.90 on Friday, hitting $230.55. 2,272,427 shares of the company were exchanged, compared to its average volume of 883,610. The stock has a market cap of $50.75 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 2.29 and a beta of 0.83. The stock’s 50-day moving average is $224.80. Air Products & Chemicals, Inc. has a 1-year low of $148.44 and a 1-year high of $231.45. The company has a quick ratio of 2.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.28.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 25th. The basic materials company reported $2.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.14 by $0.03. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.95 EPS. As a group, sell-side analysts predict that Air Products & Chemicals, Inc. will post 8.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 11th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Monday, September 30th. Air Products & Chemicals’s dividend payout ratio is currently 62.28%.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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