OneDigital Investment Advisors LLC acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 5,567 shares of the basic materials company’s stock, valued at approximately $1,632,000.
Several other hedge funds have also recently bought and sold shares of APD. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Air Products and Chemicals by 5.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock valued at $121,909,000 after purchasing an additional 23,760 shares during the period. Castle Rock Wealth Management LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth $1,649,000. S&CO Inc. acquired a new position in Air Products and Chemicals in the 2nd quarter valued at $27,733,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Air Products and Chemicals by 22.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,511 shares of the basic materials company’s stock valued at $10,007,000 after buying an additional 7,485 shares during the last quarter. Finally, Staley Capital Advisers Inc. raised its holdings in Air Products and Chemicals by 108.2% in the 4th quarter. Staley Capital Advisers Inc. now owns 144,032 shares of the basic materials company’s stock worth $35,579,000 after acquiring an additional 74,868 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.
Air Products and Chemicals Stock Performance
NYSE APD opened at $300.68 on Tuesday. The company’s fifty day moving average is $293.96 and its two-hundred day moving average is $289.79. 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 debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The firm has a market capitalization of $66.96 billion, a price-to-earnings ratio of -1,366.73, a P/E/G ratio of 2.68 and a beta of 0.73.
Air Products and Chemicals Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -3,290.91%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on APD shares. Wells Fargo & Company upped their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a research note on Monday, August 3rd. Weiss Ratings lowered Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus target price of $332.76.
Read Our Latest Research Report on Air Products and Chemicals
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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