Entropy Technologies LP Acquires 13,239 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Entropy Technologies LP raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 247.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,595 shares of the basic materials company's stock after acquiring an additional 13,239 shares during the period. Entropy Technologies LP's holdings in Air Products and Chemicals were worth $4,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter worth approximately $27,000. Roble Belko & Company Inc bought a new position in shares of Air Products and Chemicals in the fourth quarter worth approximately $27,000. Sachetta LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter worth approximately $27,000. Security National Bank bought a new position in shares of Air Products and Chemicals in the fourth quarter worth approximately $27,000. Finally, Transcendent Capital Group LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter worth approximately $28,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Up 1.1 %

Air Products and Chemicals stock traded up $2.94 on Wednesday, hitting $270.47. 707,516 shares of the stock traded hands, compared to its average volume of 1,747,478. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. The firm has a market cap of $60.13 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 2.87 and a beta of 0.81. The business's fifty day simple moving average is $264.15 and its 200 day simple moving average is $250.43. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $307.71.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The company's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.74 earnings per share. As a group, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.28 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Monday, July 1st. Air Products and Chemicals's dividend payout ratio is presently 63.90%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on APD shares. Barclays raised their target price on shares of Air Products and Chemicals from $245.00 to $290.00 and gave the stock an "equal weight" rating in a report on Monday, June 10th. Morgan Stanley raised their target price on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 5th. TD Cowen lifted their price target on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. 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 report on Tuesday, July 9th. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, June 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Air Products and Chemicals currently has an average rating of "Hold" and a consensus price target of $291.43.

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.

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