Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Centaurus Financial Inc.

Centaurus Financial Inc. boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 24.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,182 shares of the basic materials company’s stock after purchasing an additional 235 shares during the period. Centaurus Financial Inc.’s holdings in Air Products and Chemicals were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in APD. Iron Horse Wealth Management LLC boosted its stake in shares of Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the 2nd quarter worth approximately $32,000. Prospera Private Wealth LLC acquired a new stake in shares of Air Products and Chemicals during the 3rd quarter worth approximately $42,000. Trifecta Capital Advisors LLC increased its holdings in shares of Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Reston Wealth Management LLC acquired a new position in shares of Air Products and Chemicals in the 3rd quarter valued at $47,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Up 0.3 %

Shares of Air Products and Chemicals stock opened at $334.91 on Wednesday. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $336.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The stock has a market cap of $74.46 billion, a P/E ratio of 19.49, a P/E/G ratio of 3.33 and a beta of 0.81. The stock’s 50 day simple moving average is $312.41 and its 200-day simple moving average is $284.35.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.11%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is currently 41.21%.

Analyst Ratings Changes

Several analysts recently commented on APD shares. Barclays raised their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Citigroup increased their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a research note on Friday, October 25th. Finally, UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $331.53.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.