Peapack Gladstone Financial Corp Has $37.52 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Peapack Gladstone Financial Corp cut its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 126,017 shares of the basic materials company's stock after selling 3,220 shares during the quarter. Peapack Gladstone Financial Corp owned about 0.06% of Air Products and Chemicals worth $37,519,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in Air Products and Chemicals in the 3rd quarter valued at about $25,000. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the 2nd quarter worth about $32,000. Iron Horse Wealth Management LLC raised its position in shares of Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company's stock worth $35,000 after buying an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC raised its position in shares of Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company's stock worth $37,000 after buying an additional 136 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in shares of Air Products and Chemicals during the 3rd quarter worth about $42,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Up 0.5 %

APD traded up $1.41 on Friday, reaching $312.30. 913,877 shares of the company traded hands, compared to its average volume of 1,592,752. The stock's 50 day moving average price is $320.02 and its 200-day moving average price is $289.41. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $337.00. The company has a market cap of $69.45 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 3.13 and a beta of 0.81. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors 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 2.27%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals's payout ratio is presently 41.21%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Vertical Research upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating and set a $336.00 target price on the stock in a report on Monday, October 7th. Mizuho boosted their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an "outperform" rating in a report on Wednesday, October 9th. Evercore ISI upgraded shares of Air Products and Chemicals from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Finally, BMO Capital Markets boosted their target price on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $331.53.

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.