Concentric Capital Strategies LP raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 69.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,192 shares of the basic materials company's stock after purchasing an additional 4,980 shares during the period. Concentric Capital Strategies LP's holdings in Air Products and Chemicals were worth $3,630,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC lifted its holdings in Air Products and Chemicals by 29,954.1% in the third 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 lifted its stake in shares of Air Products and Chemicals by 2,931.0% in the 2nd quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company's stock worth $444,352,000 after acquiring an additional 1,737,260 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Air Products and Chemicals by 127.3% in the second 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 in the last quarter. ING Groep NV increased its stake in shares of Air Products and Chemicals by 240.7% during the third 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 period. Finally, Mizuho Markets Americas LLC raised its holdings in 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 in the last quarter. Institutional investors own 81.66% of the company's stock.
Air Products and Chemicals Stock Down 1.0 %
Shares of APD stock traded down $3.27 during trading on Tuesday, hitting $332.35. 263,791 shares of the company were exchanged, compared to its average volume of 1,607,662. The business's 50-day simple moving average is $315.16 and its 200 day simple moving average is $286.11. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00. The firm has a market capitalization of $73.91 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 3.35 and a beta of 0.81. 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 Announces Dividend
The business 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 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals's dividend payout ratio is currently 41.21%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on APD shares. JPMorgan Chase & Co. decreased their price target on Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating for the company in a research note on Friday, November 8th. UBS Group upgraded shares of 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 report on Monday, November 18th. BMO Capital Markets raised their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Citigroup boosted their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $331.53.
Read Our Latest Stock Report on APD
About Air Products and Chemicals
(
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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