TOMS Capital Investment Management LP Purchases Shares of 537,000 Air Products and Chemicals, Inc. (NYSE:APD)

TOMS Capital Investment Management LP bought a new position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 537,000 shares of the basic materials company's stock, valued at approximately $159,886,000. Air Products and Chemicals accounts for about 5.9% of TOMS Capital Investment Management LP's holdings, making the stock its 2nd largest holding. TOMS Capital Investment Management LP owned about 0.24% of Air Products and Chemicals at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of APD. Truvestments Capital LLC bought a new stake in Air Products and Chemicals in the 3rd quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals during the second quarter valued at approximately $32,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company's stock worth $35,000 after purchasing an additional 55 shares during the period. Trifecta Capital Advisors LLC raised its holdings in Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company's stock valued at $37,000 after buying an additional 136 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in Air Products and Chemicals in the third quarter worth $42,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on APD. Redburn Atlantic upgraded shares of Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 target price for the company in a report on Friday, October 25th. Jefferies Financial Group upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating and increased their price target for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Barclays upped their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. UBS Group upgraded Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $375.00 target price on the stock in a research note on Monday, November 18th. Finally, Evercore ISI raised shares of Air Products and Chemicals from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Air Products and Chemicals has a consensus rating of "Moderate Buy" and an average price target of $331.53.

Air Products and Chemicals Trading Up 0.2 %

Shares of APD stock traded up $0.64 during mid-day trading on Monday, hitting $334.97. 322,225 shares of the company's stock were exchanged, compared to its average volume of 1,611,560. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The stock has a market cap of $74.49 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 3.35 and a beta of 0.81. The stock has a 50-day simple moving average of $315.16 and a two-hundred day simple moving average of $286.11. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $336.42.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals's payout ratio is currently 41.21%.

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.