Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 38.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,889 shares of the basic materials company’s stock after purchasing an additional 528 shares during the quarter. O Keefe Stevens Advisory Inc.’s holdings in Air Products and Chemicals were worth $562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APD. Cape Investment Advisory Inc. raised its position in shares of Air Products and Chemicals by 1.0% in the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock valued at $906,000 after buying an additional 37 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in Air Products and Chemicals by 0.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 10,906 shares of the basic materials company’s stock valued at $2,814,000 after acquiring an additional 39 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Air Products and Chemicals by 2.3% in the 2nd quarter. Verdence Capital Advisors LLC now owns 1,763 shares of the basic materials company’s stock worth $455,000 after purchasing an additional 39 shares in the last quarter. Stokes Family Office LLC boosted its holdings in shares of Air Products and Chemicals by 3.4% during the 2nd quarter. Stokes Family Office LLC now owns 1,213 shares of the basic materials company’s stock worth $313,000 after purchasing an additional 40 shares during the last quarter. Finally, Invesco LLC increased its holdings in shares of Air Products and Chemicals by 2.6% in the second quarter. Invesco LLC now owns 1,581 shares of the basic materials company’s stock valued at $408,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

APD has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research report on Monday. Wells Fargo & Company lifted their target price on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Barclays increased their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $309.18.

Air Products and Chemicals Stock Down 0.7 %

Shares of NYSE:APD opened at $310.36 on Wednesday. The firm has a market capitalization of $68.99 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 3.89 and a beta of 0.82. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $313.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The firm’s 50-day moving average is $281.61 and its two-hundred day moving average is $263.79.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.16. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. Analysts predict that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be issued a $1.77 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

About Air Products and Chemicals

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.