MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,808 shares of the basic materials company’s stock, valued at approximately $1,410,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. acquired a new stake in Air Products and Chemicals during the first quarter worth about $25,000. Fiduciary Financial Advisors acquired a new position in shares of Air Products and Chemicals in the 2nd quarter valued at about $25,000. Cornerstone Planning Group LLC grew its holdings in shares of Air Products and Chemicals by 318.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 70 shares during the period. Main Street Group LTD acquired a new stake in Air Products and Chemicals during the 1st quarter worth approximately $27,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Air Products and Chemicals in the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 81.66% of the company’s stock.
Air Products and Chemicals Stock Down 0.5%
Shares of NYSE:APD opened at $305.15 on Friday. The company has a market capitalization of $67.95 billion, a price-to-earnings ratio of -1,387.03, a price-to-earnings-growth ratio of 2.66 and a beta of 0.73. The company has a 50 day moving average of $297.78 and a two-hundred day moving average of $291.53. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.87. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01.
Air Products and Chemicals Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a $1.81 dividend. The ex-dividend date is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals’s payout ratio is currently -3,290.91%.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Mizuho boosted their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Sanford C. Bernstein restated an “outperform” rating and set a $373.00 target price on shares of Air Products and Chemicals in a report on Friday, July 31st. Royal Bank Of Canada upped their price target on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. BMO Capital Markets raised Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price objective on the stock in a research report on Friday, May 1st. Finally, Wells Fargo & Company boosted their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and an average target price of $332.76.
Read Our Latest Analysis on Air Products and Chemicals
Air Products and Chemicals Company 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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