Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,184 shares of the basic materials company’s stock after selling 2,682 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Air Products and Chemicals were worth $14,420,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of APD. Brighton Jones LLC raised its holdings in shares of Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after buying an additional 412 shares in the last quarter. Bison Wealth LLC bought a new position in Air Products and Chemicals during the fourth quarter valued at approximately $245,000. Sei Investments Co. boosted its stake in shares of Air Products and Chemicals by 197.6% in the 2nd quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock valued at $79,498,000 after purchasing an additional 187,142 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Air Products and Chemicals by 2.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company’s stock worth $29,271,000 after purchasing an additional 2,171 shares during the period. Finally, Diversify Advisory Services LLC lifted its stake in Air Products and Chemicals by 52.5% in the second quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company’s stock worth $1,873,000 after purchasing an additional 2,229 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.
Air Products and Chemicals Stock Up 1.1%
APD stock opened at $308.86 on Friday. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The company has a market capitalization of $68.78 billion, a price-to-earnings ratio of -1,403.92, a price-to-earnings-growth ratio of 2.65 and a beta of 0.73. The business’s 50 day moving average price is $293.47 and its two-hundred day moving average price is $289.30. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08.
Air Products and Chemicals Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be issued a dividend of $1.81 per share. 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 2.3%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -3,290.91%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on APD. Mizuho lifted their target price 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. Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Citigroup upped their price objective on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Evercore reiterated an “outperform” rating and set a $342.00 target price on shares of Air Products and Chemicals in a report on Friday, July 10th. Finally, Royal Bank Of Canada boosted their price target on Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus price target of $332.76.
Get Our Latest Research Report on APD
About Air Products and Chemicals
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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