Quantinno Capital Management LP Increases Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Quantinno Capital Management LP increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 138.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,861 shares of the basic materials company's stock after purchasing an additional 13,846 shares during the quarter. Quantinno Capital Management LP's holdings in Air Products and Chemicals were worth $7,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Forsta AP Fonden increased its position in shares of Air Products and Chemicals by 13.4% in the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company's stock valued at $13,607,000 after acquiring an additional 5,400 shares during the period. Jensen Investment Management Inc. increased its position in shares of Air Products and Chemicals by 65.0% in the third quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company's stock valued at $3,921,000 after acquiring an additional 5,190 shares during the period. Townsquare Capital LLC increased its position in shares of Air Products and Chemicals by 3.9% in the third quarter. Townsquare Capital LLC now owns 44,661 shares of the basic materials company's stock valued at $13,297,000 after acquiring an additional 1,662 shares during the period. Woodstock Corp increased its position in shares of Air Products and Chemicals by 6.5% in the third quarter. Woodstock Corp now owns 38,976 shares of the basic materials company's stock valued at $11,605,000 after acquiring an additional 2,387 shares during the period. Finally, Impax Asset Management Group plc purchased a new position in shares of Air Products and Chemicals in the third quarter valued at about $3,234,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Down 0.6 %

Shares of NYSE APD traded down $1.86 during midday trading on Friday, hitting $320.11. The stock had a trading volume of 1,020,293 shares, compared to its average volume of 1,507,847. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The business's 50 day moving average is $318.21 and its 200-day moving average is $288.20. 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 $71.19 billion, a P/E ratio of 18.63, a PEG ratio of 3.28 and a beta of 0.81.

Air Products and Chemicals Dividend Announcement

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 issued a dividend of $1.77 per share. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.21%. Air Products and Chemicals's payout ratio is 41.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on APD shares. Vertical Research raised 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 research note on Monday, October 7th. Jefferies Financial Group raised shares of Air Products and Chemicals from a "hold" rating to a "buy" rating and lifted their target price for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Citigroup lifted their target price 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. Evercore ISI raised shares of Air Products and Chemicals from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Finally, Redburn Atlantic raised shares of Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 price objective on the stock in a research note on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $331.53.

Air Products and Chemicals Profile

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.