Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 16.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 99,808 shares of the basic materials company's stock after selling 20,083 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Air Products and Chemicals were worth $29,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of Air Products and Chemicals by 0.3% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company's stock worth $3,452,000 after buying an additional 34 shares during the period. CX Institutional increased its holdings in Air Products and Chemicals by 2.6% in the 3rd quarter. CX Institutional now owns 1,343 shares of the basic materials company's stock worth $400,000 after acquiring an additional 34 shares in the last quarter. Bank of Stockton raised its position in Air Products and Chemicals by 1.9% during the third quarter. Bank of Stockton now owns 1,813 shares of the basic materials company's stock worth $540,000 after acquiring an additional 34 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Air Products and Chemicals by 22.3% during the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company's stock valued at $60,000 after purchasing an additional 37 shares in the last quarter. Finally, Chesapeake Wealth Management grew its position in shares of Air Products and Chemicals by 1.7% in the third quarter. Chesapeake Wealth Management now owns 2,189 shares of the basic materials company's stock valued at $652,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on APD. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating and upped their price target for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Mizuho increased their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an "outperform" rating in a report on Wednesday, October 9th. Barclays lifted their price target on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. BMO Capital Markets increased their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. Finally, Redburn Atlantic raised shares of 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 note on Friday, October 25th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $331.53.

Air Products and Chemicals Trading Up 0.4 %

APD traded up $1.33 during trading hours on Monday, reaching $335.66. The company's stock had a trading volume of 766,236 shares, compared to its average volume of 1,613,504. The stock has a market cap of $74.64 billion, a PE ratio of 19.54, a P/E/G ratio of 3.35 and a beta of 0.81. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $336.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The business's 50-day moving average is $315.16 and its 200-day moving average is $286.11.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals's dividend 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.