Catawba Capital Management VA Buys Shares of 1,351 Air Products & Chemicals, Inc. (APD)

Catawba Capital Management VA bought a new stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,351 shares of the basic materials company’s stock, valued at approximately $210,000.

Other hedge funds have also recently made changes to their positions in the company. Bruderman Asset Management LLC bought a new position in Air Products & Chemicals during the first quarter valued at about $104,000. Mount Yale Investment Advisors LLC bought a new position in Air Products & Chemicals during the first quarter valued at about $114,000. Private Capital Group LLC lifted its holdings in shares of Air Products & Chemicals by 2,231.4% during the first quarter. Private Capital Group LLC now owns 816 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 781 shares during the last quarter. Clarus Wealth Advisors purchased a new stake in shares of Air Products & Chemicals during the second quarter valued at $164,000. Finally, Cerebellum GP LLC lifted its holdings in shares of Air Products & Chemicals by 1,896.3% during the second quarter. Cerebellum GP LLC now owns 1,078 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 1,024 shares during the last quarter. 86.92% of the stock is owned by institutional investors and hedge funds.

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Several brokerages have recently commented on APD. Citigroup upped their target price on Air Products & Chemicals from $198.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. ValuEngine downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. Credit Suisse Group set a $181.00 target price on Air Products & Chemicals and gave the company a “hold” rating in a report on Thursday, April 26th. Finally, BMO Capital Markets began coverage on Air Products & Chemicals in a report on Tuesday, March 27th. They set an “outperform” rating and a $195.00 target price for the company. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $178.47.

Shares of Air Products & Chemicals opened at $157.41 on Thursday, MarketBeat reports. The stock has a market capitalization of $34.61 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.08 and a quick ratio of 2.89. Air Products & Chemicals, Inc. has a 1 year low of $141.88 and a 1 year high of $175.17.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, April 26th. The basic materials company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.03. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.19 billion. Air Products & Chemicals had a return on equity of 14.97% and a net margin of 13.13%. research analysts forecast that Air Products & Chemicals, Inc. will post 7.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 13th. Investors of record on Monday, July 2nd will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, June 29th. Air Products & Chemicals’s dividend payout ratio is currently 69.73%.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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