Air Products & Chemicals, Inc. (NYSE:APD) Shares Acquired by Oakworth Capital Inc.

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Oakworth Capital Inc. grew its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 22.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,687 shares of the basic materials company’s stock after buying an additional 309 shares during the period. Oakworth Capital Inc.’s holdings in Air Products & Chemicals were worth $381,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of APD. IMA Wealth Inc. raised its position in Air Products & Chemicals by 285.7% in the 1st quarter. IMA Wealth Inc. now owns 135 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Field & Main Bank purchased a new stake in Air Products & Chemicals in the 1st quarter valued at $27,000. Advisory Alpha LLC purchased a new stake in Air Products & Chemicals in the 1st quarter valued at $29,000. Squar Milner Financial Services LLC raised its position in Air Products & Chemicals by 87.1% in the 2nd quarter. Squar Milner Financial Services LLC now owns 131 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 61 shares during the last quarter. Finally, Destination Wealth Management purchased a new stake in Air Products & Chemicals in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Air Products & Chemicals stock traded up $2.42 during trading hours on Friday, reaching $228.76. 681,400 shares of the stock were exchanged, compared to its average volume of 1,166,995. The stock has a market cap of $49.88 billion, a P/E ratio of 30.71, a P/E/G ratio of 2.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 2.28. Air Products & Chemicals, Inc. has a 52-week low of $148.44 and a 52-week high of $232.47. The firm’s 50 day moving average is $227.14 and its 200 day moving average is $203.36.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 25th. The basic materials company reported $2.17 EPS for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.03. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.32 billion. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. Air Products & Chemicals’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.95 EPS. Equities research analysts expect that Air Products & Chemicals, Inc. will post 8.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 11th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.03%. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 62.28%.

In other news, VP Russell A. Flugel sold 2,970 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $207.01, for a total transaction of $614,819.70. Following the transaction, the vice president now directly owns 6,387 shares of the company’s stock, valued at approximately $1,322,172.87. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Seifi Ghasemi purchased 20,000 shares of the stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of $227.16 per share, for a total transaction of $4,543,200.00. Following the completion of the purchase, the chief executive officer now owns 453,783 shares in the company, valued at $103,081,346.28. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.

Several research firms recently commented on APD. Vertical Research downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Sanford C. Bernstein downgraded shares of Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 price target for the company. in a research report on Thursday, July 18th. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Deutsche Bank upped their price target on shares of Air Products & Chemicals from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, KeyCorp upped their price target on shares of Air Products & Chemicals from $220.00 to $245.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. Air Products & Chemicals currently has a consensus rating of “Buy” and a consensus price target of $234.71.

Air Products & Chemicals 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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