Quadrature Capital Ltd Purchases Shares of 25,789 Air Products and Chemicals, Inc. (NYSE:APD)

Quadrature Capital Ltd acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 25,789 shares of the basic materials company's stock, valued at approximately $6,250,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $27,000. Roble Belko & Company Inc bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $27,000. Sachetta LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $27,000. Security National Bank bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $27,000. Finally, Thompson Investment Management Inc. bought a new stake in shares of Air Products and Chemicals during the 1st quarter worth about $27,000. Institutional investors own 81.66% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. TD Cowen lifted their price objective on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. Citigroup lifted their price objective on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, July 12th. Bank of America lifted their price objective on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the stock a "buy" rating in a research note on Monday, June 10th. UBS Group lifted their price objective on shares of Air Products and Chemicals from $257.00 to $268.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 9th. Finally, BMO Capital Markets lifted their price objective on shares of Air Products and Chemicals from $294.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $289.29.

Air Products and Chemicals Price Performance

APD stock traded up $2.34 during trading on Friday, reaching $260.98. 1,042,927 shares of the company were exchanged, compared to its average volume of 1,659,557. The company has a 50-day moving average of $265.00 and a two-hundred day moving average of $249.83. The company has a market capitalization of $58.02 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 2.86 and a beta of 0.81. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm's quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.74 EPS. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 12.26 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals's dividend payout ratio is 63.90%.

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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