Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by PEAK6 Investments LLC

PEAK6 Investments LLC cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 81.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,941 shares of the basic materials company's stock after selling 21,473 shares during the quarter. PEAK6 Investments LLC's holdings in Air Products and Chemicals were worth $1,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of APD. Truvestments Capital LLC purchased a new position in Air Products and Chemicals in the third quarter valued at $25,000. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals in the 2nd quarter worth about $32,000. Iron Horse Wealth Management LLC boosted its position in Air Products and Chemicals by 88.7% during the third 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 in the last quarter. Trifecta Capital Advisors LLC grew its holdings in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 136 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $42,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on APD. Barclays boosted their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Citigroup raised their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a "buy" rating in a research note on Monday, November 11th. The Goldman Sachs Group increased their target price on Air Products and Chemicals from $291.00 to $330.00 and gave the company a "buy" rating in a report on Monday, August 5th. UBS Group raised Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $375.00 price target on the stock in a research note on Monday, November 18th. Finally, Redburn Atlantic raised Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 price objective for the company in a research note on Friday, October 25th. Eight 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 a consensus rating of "Moderate Buy" and a consensus price target of $331.53.

Air Products and Chemicals Stock Down 1.5 %

Shares of APD traded down $5.02 during mid-day trading on Tuesday, hitting $330.60. 1,441,884 shares of the company's stock were exchanged, compared to its average volume of 1,555,727. The stock's 50-day moving average is $315.16 and its 200-day moving average is $286.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00. The company has a market cap of $73.52 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 3.36 and a beta of 0.81.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals's payout ratio is presently 41.21%.

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.