Barclays PLC lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 14.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 940,440 shares of the basic materials company's stock after selling 153,607 shares during the quarter. Barclays PLC owned approximately 0.42% of Air Products and Chemicals worth $280,004,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Pathway Financial Advisers LLC boosted its stake in Air Products and Chemicals by 29,954.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company's stock worth $861,722,000 after purchasing an additional 2,884,581 shares during the period. National Bank of Canada FI grew its holdings in shares of Air Products and Chemicals by 2,931.0% during the second quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company's stock worth $444,352,000 after buying an additional 1,737,260 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Air Products and Chemicals by 127.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company's stock valued at $720,597,000 after acquiring an additional 1,564,169 shares during the period. ING Groep NV raised its stake in Air Products and Chemicals by 240.7% during the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company's stock valued at $304,717,000 after acquiring an additional 723,019 shares during the last quarter. Finally, Mizuho Markets Americas LLC raised its stake in shares of Air Products and Chemicals by 318.7% during the third quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company's stock worth $282,473,000 after purchasing an additional 722,132 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
APD has been the subject of several recent analyst reports. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating and raised their target price for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. Redburn Atlantic upgraded Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 target price on the stock in a research report on Friday, October 25th. Evercore ISI upgraded Air Products and Chemicals from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Vertical Research upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating and set a $336.00 price objective for the company in a research report on Monday, October 7th. Finally, Mizuho increased their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an "outperform" rating in a report on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $331.53.
Get Our Latest Analysis on APD
Air Products and Chemicals Trading Down 0.5 %
Shares of APD stock traded down $1.45 during trading hours on Tuesday, hitting $315.17. 742,131 shares of the company were exchanged, compared to its average volume of 1,602,764. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $337.00. 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 firm has a fifty day moving average of $318.59 and a 200 day moving average of $288.74. The firm has a market cap of $70.09 billion, a PE ratio of 18.35, a PEG ratio of 3.21 and a beta of 0.81.
Air Products and Chemicals Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals's dividend payout ratio (DPR) is presently 41.21%.
Air Products and Chemicals Company Profile
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Free Report)
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.
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