Simon Quick Advisors LLC increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 12.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 999 shares of the basic materials company’s stock after buying an additional 109 shares during the period. Simon Quick Advisors LLC’s holdings in Air Products and Chemicals were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Air Products and Chemicals by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company’s stock worth $1,448,570,000 after acquiring an additional 88,806 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in 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 in the last quarter. Raymond James & Associates lifted its position in shares of Air Products and Chemicals by 1.7% during the third quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock valued at $608,312,000 after buying an additional 33,313 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Air Products and Chemicals by 25.2% during the second quarter. Clearbridge Investments LLC now owns 1,936,582 shares of the basic materials company’s stock valued at $499,735,000 after buying an additional 389,380 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Air Products and Chemicals by 3.9% in the 3rd quarter. National Bank of Canada FI now owns 1,867,290 shares of the basic materials company’s stock valued at $555,967,000 after buying an additional 70,759 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.
Analyst Upgrades and Downgrades
APD has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their target price for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Citigroup increased their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday, November 11th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research report on Friday, October 25th. Vertical Research raised 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 report on Monday, October 7th. Finally, BMO Capital Markets raised their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $332.71.
Air Products and Chemicals Price Performance
NYSE:APD opened at $323.65 on Friday. The firm’s fifty day moving average is $309.74 and its two-hundred day moving average is $295.76. The firm has a market cap of $71.97 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 3.18 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00.
Air Products and Chemicals Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a $1.79 dividend. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.21%. Air Products and Chemicals’s dividend payout ratio is presently 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.
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