Acima Private Wealth LLC boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 244.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,171 shares of the basic materials company’s stock after purchasing an additional 3,671 shares during the quarter. Acima Private Wealth LLC’s holdings in Air Products and Chemicals were worth $1,416,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of APD. Evolution Wealth Management Inc. purchased a new position in Air Products and Chemicals during the first quarter valued at approximately $25,000. Fiduciary Financial Advisors purchased a new position in Air Products and Chemicals during the second quarter worth about $25,000. Main Street Group LTD purchased a new stake in shares of Air Products and Chemicals in the 1st quarter valued at about $27,000. Cornerstone Planning Group LLC boosted its position 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 valued at $28,000 after acquiring an additional 70 shares during the last quarter. Finally, Bayban purchased a new stake in Air Products and Chemicals in the fourth quarter valued at approximately $32,000. 81.66% of the stock is currently owned by institutional investors.
Air Products and Chemicals Stock Up 0.8%
APD stock traded up $2.22 during trading on Monday, hitting $279.79. 1,090,480 shares of the stock traded hands, compared to its average volume of 1,292,114. The stock has a market cap of $62.31 billion, a price-to-earnings ratio of -1,271.78, a price-to-earnings-growth ratio of 2.61 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The firm’s 50 day moving average is $295.87 and its two-hundred day moving average is $293.35.
Air Products and Chemicals Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be given a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. Air Products and Chemicals’s payout ratio is -3,290.91%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on APD. Wells Fargo & Company raised their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note 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 report on Monday, August 3rd. Argus lifted their price target on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Morgan Stanley set a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Finally, Weiss Ratings lowered shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $334.69.
Read Our Latest Stock Report on Air Products and Chemicals
About Air Products and Chemicals
Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.
Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.
Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.
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