4,145 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Purchased by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,145 shares of the basic materials company's stock, valued at approximately $1,047,000.

A number of other large investors also recently modified their holdings of the company. Avantax Advisory Services Inc. boosted its position in shares of Air Products and Chemicals by 151.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 24,881 shares of the basic materials company's stock worth $6,028,000 after acquiring an additional 14,981 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Air Products and Chemicals by 3.6% in the 1st quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company's stock valued at $16,355,000 after buying an additional 2,321 shares in the last quarter. Trilogy Capital Inc. acquired a new stake in shares of Air Products and Chemicals during the first quarter worth about $2,625,000. FORA Capital LLC grew its stake in Air Products and Chemicals by 13.0% during the 1st quarter. FORA Capital LLC now owns 33,823 shares of the basic materials company's stock worth $8,194,000 after buying an additional 3,881 shares during the last quarter. Finally, Mizuho Markets Americas LLC increased its holdings in shares of Air Products and Chemicals by 140.1% in the 1st quarter. Mizuho Markets Americas LLC now owns 39,164 shares of the basic materials company's stock valued at $9,488,000 after acquiring an additional 22,850 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

Shares of APD traded down $0.27 during midday trading on Wednesday, hitting $291.16. 275,980 shares of the stock traded hands, compared to its average volume of 1,615,144. The business's 50 day moving average price is $279.04 and its two-hundred day moving average price is $262.29. The firm has a market capitalization of $64.73 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 3.89 and a beta of 0.82. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $302.03.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.33 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.43%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals's dividend payout ratio is 63.90%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Bank of America raised 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 report on Monday, June 10th. Barclays increased their price objective on Air Products and Chemicals from $290.00 to $295.00 and gave the stock an "equal weight" rating in a research report on Monday, August 5th. Citigroup boosted their price objective on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the company a "buy" rating in a research note on Friday, July 12th. Morgan Stanley boosted 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 research report on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Air Products and Chemicals from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $296.50.

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.