Night Squared LP reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 38.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,186 shares of the basic materials company’s stock after selling 7,061 shares during the quarter. Night Squared LP’s holdings in Air Products and Chemicals were worth $3,155,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $26,000. Traub Capital Management LLC acquired a new position in Air Products and Chemicals during the second quarter worth $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals in the second quarter valued at $28,000. Westside Investment Management Inc. grew its holdings in shares of Air Products and Chemicals by 228.1% during the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 73 shares during the last quarter. Finally, Financial Connections Group Inc. raised its holdings in shares of Air Products and Chemicals by 46.7% in the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.
Air Products and Chemicals Price Performance
APD opened at $230.39 on Wednesday. The stock has a market capitalization of $51.28 billion, a P/E ratio of -129.43, a PEG ratio of 2.32 and a beta of 0.86. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98. Air Products and Chemicals, Inc. has a 12-month low of $230.05 and a 12-month high of $341.14. The stock has a 50-day moving average price of $256.22 and a 200-day moving average price of $275.79.
Air Products and Chemicals Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 2nd will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, January 2nd. Air Products and Chemicals’s dividend payout ratio is -402.25%.
Analyst Upgrades and Downgrades
APD has been the subject of several recent research reports. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. The Goldman Sachs Group set a $335.00 target price on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Wolfe Research reaffirmed an “outperform” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research report on Monday. Sanford C. Bernstein reissued an “outperform” rating on shares of Air Products and Chemicals in a report on Tuesday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Air Products and Chemicals in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $313.85.
Check Out Our Latest Research Report on APD
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.
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