Tudor Financial Inc. Makes New $1.65 Million Investment in Air Products and Chemicals, Inc. (NYSE:APD)

Tudor Financial Inc. bought a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 5,556 shares of the basic materials company's stock, valued at approximately $1,654,000. Air Products and Chemicals comprises 1.0% of Tudor Financial Inc.'s holdings, making the stock its 25th biggest holding.

Several other institutional investors have also recently bought and sold shares of APD. Pathway Financial Advisers LLC increased its stake in shares of 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 increased its stake in shares of Air Products and Chemicals by 2,931.0% in the second quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company's stock worth $444,352,000 after purchasing an additional 1,737,260 shares during the period. Massachusetts Financial Services Co. MA increased its stake 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 worth $720,597,000 after purchasing an additional 1,564,169 shares during the period. ING Groep NV increased its stake in shares of Air Products and Chemicals by 240.7% in the third quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company's stock worth $304,717,000 after purchasing an additional 723,019 shares during the period. Finally, Mizuho Markets Americas LLC increased its stake in shares of Air Products and Chemicals by 318.7% in 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 during the period. Institutional investors own 81.66% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on APD. Citigroup lifted their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. BMO Capital Markets boosted their price target 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. Vertical Research upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating and set a $336.00 price target on the stock in a research note on Monday, October 7th. Barclays boosted their price target on Air Products and Chemicals from $295.00 to $315.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Finally, Mizuho boosted their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the company an "outperform" rating in a research note on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $331.53.

Air Products and Chemicals Price Performance

Shares of APD traded down $1.47 on Thursday, hitting $310.89. The company's stock had a trading volume of 636,525 shares, compared to its average volume of 1,595,636. The company has a market capitalization of $69.14 billion, a PE ratio of 18.18, a PEG ratio of 3.21 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, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00. The company has a 50 day moving average price of $319.51 and a 200 day moving average price of $289.26.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals's payout ratio is currently 41.21%.

Air Products and Chemicals Company 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.