Eads & Heald Wealth Management Has $2.05 Million Holdings in Air Products & Chemicals, Inc. (NYSE:APD)

Eads & Heald Wealth Management lowered its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,038 shares of the basic materials company’s stock after selling 423 shares during the quarter. Eads & Heald Wealth Management’s holdings in Air Products & Chemicals were worth $2,046,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in APD. First Trust Advisors LP grew its position in Air Products & Chemicals by 71.7% during the second quarter. First Trust Advisors LP now owns 527,192 shares of the basic materials company’s stock valued at $119,340,000 after purchasing an additional 220,088 shares in the last quarter. Fisher Asset Management LLC grew its position in Air Products & Chemicals by 6.3% during the second quarter. Fisher Asset Management LLC now owns 1,340 shares of the basic materials company’s stock valued at $303,000 after purchasing an additional 79 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in Air Products & Chemicals by 15.5% during the second quarter. Wealthcare Advisory Partners LLC now owns 4,383 shares of the basic materials company’s stock valued at $992,000 after purchasing an additional 589 shares in the last quarter. Ascent Wealth Partners LLC grew its position in Air Products & Chemicals by 1.1% during the second quarter. Ascent Wealth Partners LLC now owns 22,887 shares of the basic materials company’s stock valued at $5,181,000 after purchasing an additional 250 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Air Products & Chemicals by 15.3% during the second quarter. Janney Montgomery Scott LLC now owns 49,642 shares of the basic materials company’s stock valued at $11,237,000 after purchasing an additional 6,604 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

APD stock opened at $229.87 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.28 and a quick ratio of 2.09. The company has a market capitalization of $49.24 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.23 and a beta of 0.84. Air Products & Chemicals, Inc. has a 12 month low of $148.44 and a 12 month high of $232.47. The business has a 50 day simple moving average of $226.51.

Air Products & Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 25th. The basic materials company reported $2.17 EPS for the quarter, topping the Thomson Reuters’ 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%. The company’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 earnings per share. As a group, sell-side analysts expect that Air Products & Chemicals, Inc. will post 8.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 11th. Investors 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 2.02%. The ex-dividend date of this dividend is Monday, September 30th. Air Products & Chemicals’s dividend payout ratio is currently 62.28%.

A number of brokerages recently commented on APD. Sanford C. Bernstein downgraded shares of Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 price objective on the stock. in a research report on Thursday, July 18th. Credit Suisse Group boosted their price objective on shares of Air Products & Chemicals from $221.00 to $238.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Vertical Research downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. 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. Finally, Seaport Global Securities downgraded shares of Air Products & Chemicals from a “buy” rating to a “neutral” rating in a research report on Friday, July 12th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $233.77.

In related 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 completion of the sale, 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 legal filing with the SEC, which is available through this link. Also, 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, with a total value of $4,543,200.00. Following the completion of the acquisition, the chief executive officer now owns 453,783 shares in the company, valued at approximately $103,081,346.28. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by corporate insiders.

About Air Products & Chemicals

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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