Catalytic Wealth RIA LLC increased its position in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 18.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,210 shares of the basic materials company’s stock after purchasing an additional 189 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in Air Products and Chemicals were worth $293,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APD. Turtle Creek Wealth Advisors LLC acquired a new stake in Air Products and Chemicals in the fourth quarter worth about $27,000. Roble Belko & Company Inc acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $27,000. Sachetta LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $27,000. Security National Bank acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $27,000. Finally, Thompson Investment Management Inc. bought a new stake in Air Products and Chemicals in the 1st quarter valued at approximately $27,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.
Air Products and Chemicals Stock Performance
NYSE APD traded down $14.37 on Monday, reaching $248.54. The stock had a trading volume of 3,865,911 shares, compared to its average volume of 1,748,074. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31. The firm has a fifty day moving average of $264.68 and a two-hundred day moving average of $250.01. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71. The company has a market cap of $55.25 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 2.90 and a beta of 0.81.
Air Products and Chemicals Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 63.90%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on APD shares. JPMorgan Chase & Co. cut their target price on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Barclays boosted their target price on Air Products and Chemicals from $245.00 to $290.00 and gave the company an “equal weight” rating in a research note on Monday, June 10th. TD Cowen upped their price objective on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. UBS Group upped their price objective on Air Products and Chemicals from $257.00 to $268.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Finally, BMO Capital Markets upped their price objective on Air Products and Chemicals from $294.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $289.29.
Get Our Latest Report on Air Products and Chemicals
Air Products and Chemicals Company 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.
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