Principle Wealth Partners LLC purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,448 shares of the basic materials company’s stock, valued at approximately $718,000.
Several other large investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Air Products and Chemicals during the second quarter worth $162,462,000. Beverly Hills Private Wealth LLC purchased a new stake in Air Products and Chemicals during the 2nd quarter worth $324,000. OneDigital Investment Advisors LLC purchased a new position in Air Products and Chemicals in the 2nd quarter valued at about $1,632,000. Bell Investment Advisors Inc acquired a new stake in shares of Air Products and Chemicals during the second quarter valued at about $35,000. Finally, AMG National Trust Bank purchased a new stake in shares of Air Products and Chemicals during the second quarter worth about $496,000. Institutional investors and hedge funds own 81.66% of the company’s stock.
Air Products and Chemicals Stock Down 2.7%
Shares of Air Products and Chemicals stock opened at $300.68 on Tuesday. The business has a 50-day moving average price of $293.96 and a 200 day moving average price of $289.79. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The firm has a market cap of $66.96 billion, a P/E ratio of -1,366.73, a P/E/G ratio of 2.68 and a beta of 0.73. 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 firm 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. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s payout ratio is currently -3,290.91%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Berenberg Bank set a $350.00 price objective on Air Products and Chemicals and gave the company a “buy” rating in a research note on Monday, April 20th. Citigroup upped their target price on Air Products and Chemicals from $315.00 to $330.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Evercore reissued an “outperform” rating and set a $342.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 10th. JPMorgan Chase & Co. lifted their price target on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Bank of America upped their price target on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $332.76.
Read Our Latest Research Report on Air Products and Chemicals
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.
Featured Articles
- Five stocks we like better than Air Products and Chemicals
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Receive News & Ratings for Air Products and Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.
