Sanders Morris Harris LLC raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 121.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,578 shares of the basic materials company’s stock after purchasing an additional 2,513 shares during the quarter. Sanders Morris Harris LLC’s holdings in Air Products and Chemicals were worth $1,267,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its holdings in shares of Air Products and Chemicals by 0.9% during the second quarter. Gamco Investors INC. ET AL now owns 3,911 shares of the basic materials company’s stock worth $1,147,000 after purchasing an additional 35 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. raised its holdings in shares of Air Products and Chemicals by 46.1% in the third quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 111 shares of the basic materials company’s stock valued at $31,000 after buying an additional 35 shares during the last quarter. Revisor Wealth Management LLC raised its holdings in shares of Air Products and Chemicals by 0.8% in the first quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock valued at $1,320,000 after buying an additional 36 shares during the last quarter. Baader Bank Aktiengesellschaft raised its holdings in shares of Air Products and Chemicals by 0.7% in the first quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company’s stock valued at $1,463,000 after buying an additional 37 shares during the last quarter. Finally, Northcape Wealth Management LLC lifted its position in Air Products and Chemicals by 0.4% during the 2nd quarter. Northcape Wealth Management LLC now owns 8,753 shares of the basic materials company’s stock worth $2,566,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.
Air Products and Chemicals Trading Up 1.2%
Shares of APD stock traded up $3.46 on Wednesday, reaching $292.42. 1,046,382 shares of the stock were exchanged, compared to its average volume of 1,275,878. The stock has a market cap of $65.12 billion, a PE ratio of -1,329.18, a P/E/G ratio of 2.67 and a beta of 0.76. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year 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 stock has a 50 day moving average price of $294.01 and a 200 day moving average price of $293.22.
Air Products and Chemicals Announces Dividend
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 dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Royal Bank Of Canada increased their price objective on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Wells Fargo & Company raised their price objective on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Barclays began coverage on shares of Air Products and Chemicals in a research report on Monday. They set an “overweight” rating and a $353.00 target price on the stock. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $373.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $334.71.
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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