Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Bank of Montreal Can

Bank of Montreal Can grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 25.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,165,733 shares of the basic materials company’s stock after buying an additional 234,322 shares during the quarter. Bank of Montreal Can’s holdings in Air Products and Chemicals were worth $350,139,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Truvestments Capital LLC purchased a new position in Air Products and Chemicals in the 3rd quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals during the second quarter worth approximately $32,000. Iron Horse Wealth Management LLC boosted its stake in Air Products and Chemicals by 88.7% during the third 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 during the last quarter. Trifecta Capital Advisors LLC grew its holdings in Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after buying an additional 136 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Air Products and Chemicals in the 3rd quarter worth $42,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on APD shares. Mizuho raised their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. BMO Capital Markets increased their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Wells Fargo & Company upped their price target on 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. Barclays increased their target price on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group upped their price target on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Eight analysts have rated the stock with a hold rating and twelve have assigned 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 Stock Up 1.1 %

APD stock traded up $3.65 during trading on Monday, hitting $335.48. 66,300 shares of the company’s stock were exchanged, compared to its average volume of 1,610,280. The business has a 50-day moving average price of $310.63 and a two-hundred day moving average price of $283.16. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $74.60 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 3.33 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $336.11.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.11%. Air Products and Chemicals’s dividend payout ratio (DPR) is 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.