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Gould Capital LLC Takes Position in Air Products and Chemicals, Inc. (NYSE:APD)

Air Products and Chemicals logo with Basic Materials background

Gould Capital LLC acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,209 shares of the basic materials company's stock, valued at approximately $1,253,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of Air Products and Chemicals by 1.9% during the third quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company's stock valued at $1,448,570,000 after buying an additional 88,806 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Air Products and Chemicals by 4.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company's stock worth $790,371,000 after acquiring an additional 122,676 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company's stock valued at $861,722,000 after acquiring an additional 2,884,581 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in 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. Finally, Raymond James & Associates grew its holdings in Air Products and Chemicals by 1.7% in the third quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company's stock worth $608,312,000 after purchasing an additional 33,313 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Performance

NYSE:APD traded down $1.45 during trading hours on Tuesday, reaching $315.17. The company had a trading volume of 742,131 shares, compared to its average volume of 1,602,764. The firm has a market cap of $70.09 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 3.21 and a beta of 0.81. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $337.00. The business's 50 day moving average price is $318.59 and its 200-day moving average price is $288.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors 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 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%.

Analyst Ratings Changes

APD has been the topic of several recent analyst reports. BMO Capital Markets upped their target price on 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 upped their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a "buy" rating in a report on Monday, November 11th. StockNews.com upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Monday, September 23rd. Wells Fargo & Company upped their price target on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. Finally, Vertical Research upgraded shares of 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 note on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of "Moderate Buy" and a consensus target price of $331.53.

Get Our Latest Analysis on Air Products and Chemicals

Air Products and Chemicals Company Profile

(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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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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