Tiller Private Wealth Inc. grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 9.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,529 shares of the basic materials company’s stock after buying an additional 3,623 shares during the period. Air Products and Chemicals accounts for 4.0% of Tiller Private Wealth Inc.’s investment portfolio, making the stock its 9th largest position. Tiller Private Wealth Inc.’s holdings in Air Products and Chemicals were worth $11,326,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in Air Products and Chemicals during the second quarter valued at about $28,000. Traub Capital Management LLC purchased a new position in shares of Air Products and Chemicals in the second quarter worth about $28,000. Abound Wealth Management raised its position in shares of Air Products and Chemicals by 292.3% in the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 76 shares during the period. Westside Investment Management Inc. raised its position in shares of Air Products and Chemicals by 228.1% in the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Finally, Financial Connections Group Inc. lifted its stake in shares of Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after buying an additional 35 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.
Air Products and Chemicals Stock Performance
NYSE:APD opened at $253.98 on Tuesday. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $341.14. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.98. The stock has a market cap of $56.53 billion, a P/E ratio of -142.68, a PEG ratio of 2.46 and a beta of 0.87. The business’s 50-day moving average price is $250.38 and its two-hundred day moving average price is $271.42.
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 issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, January 2nd. Air Products and Chemicals’s payout ratio is currently -402.25%.
Wall Street Analysts Forecast Growth
APD has been the topic of a number of analyst reports. The Goldman Sachs Group set a $335.00 target price on shares of Air Products and Chemicals in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft set a $255.00 price objective on Air Products and Chemicals in a report on Wednesday, December 10th. JPMorgan Chase & Co. reduced their target price on Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Wolfe Research reiterated an “outperform” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research report on Monday, December 8th. Finally, Evercore ISI cut their price objective on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $292.47.
Air Products and Chemicals Profile
Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.
The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.
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