Matthew Goff Investment Advisor LLC Invests $74,000 in Air Products & Chemicals, Inc. (APD)

Matthew Goff Investment Advisor LLC acquired a new stake in Air Products & Chemicals, Inc. (NYSE:APD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,524 shares of the basic materials company’s stock, valued at approximately $74,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. CIBC World Markets Inc. increased its holdings in shares of Air Products & Chemicals by 4.6% in the 3rd quarter. CIBC World Markets Inc. now owns 7,296 shares of the basic materials company’s stock valued at $1,219,000 after acquiring an additional 323 shares during the last quarter. Chase Investment Counsel Corp grew its stake in Air Products & Chemicals by 22.6% during the 3rd quarter. Chase Investment Counsel Corp now owns 1,862 shares of the basic materials company’s stock worth $311,000 after buying an additional 343 shares during the last quarter. Belpointe Asset Management LLC grew its stake in Air Products & Chemicals by 4.9% during the 3rd quarter. Belpointe Asset Management LLC now owns 7,590 shares of the basic materials company’s stock worth $1,268,000 after buying an additional 352 shares during the last quarter. GAM Holding AG grew its stake in Air Products & Chemicals by 6.5% during the 3rd quarter. GAM Holding AG now owns 6,063 shares of the basic materials company’s stock worth $1,012,000 after buying an additional 368 shares during the last quarter. Finally, SevenBridge Financial Group LLC grew its stake in Air Products & Chemicals by 3.3% during the 2nd quarter. SevenBridge Financial Group LLC now owns 11,732 shares of the basic materials company’s stock worth $1,827,000 after buying an additional 374 shares during the last quarter. Institutional investors and hedge funds own 86.29% of the company’s stock.

In related news, Chairman Seifi Ghasemi acquired 20,000 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was bought at an average cost of $160.11 per share, with a total value of $3,202,200.00. Following the transaction, the chairman now owns 408,652 shares of the company’s stock, valued at $65,429,271.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is currently owned by company insiders.

Air Products & Chemicals stock traded up $0.24 during mid-day trading on Friday, reaching $161.61. 5,755 shares of the company were exchanged, compared to its average volume of 999,938. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $175.17. The company has a current ratio of 2.17, a quick ratio of 2.00 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $35.99 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.70 and a beta of 1.10.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.01. Air Products & Chemicals had a return on equity of 15.30% and a net margin of 16.77%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the firm earned $1.76 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts predict that Air Products & Chemicals, Inc. will post 8.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 11th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $4.40 dividend on an annualized basis and a yield of 2.72%. Air Products & Chemicals’s payout ratio is 59.06%.

A number of research analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on Air Products & Chemicals in a research note on Monday, September 24th. They set an “outperform” rating and a $202.00 price target on the stock. ValuEngine upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. BNP Paribas assumed coverage on Air Products & Chemicals in a research note on Tuesday, October 2nd. They set an “outperform” rating on the stock. Zacks Investment Research downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, October 1st. Finally, Vertical Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Fifteen research analysts have rated the stock with a buy rating, Air Products & Chemicals currently has a consensus rating of “Buy” and an average price target of $190.08.

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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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Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

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