Principal Street Partners LLC Has $648,000 Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Principal Street Partners LLC increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 96.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,175 shares of the basic materials company’s stock after purchasing an additional 1,068 shares during the quarter. Principal Street Partners LLC’s holdings in Air Products and Chemicals were worth $648,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of APD. Truvestments Capital LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at about $25,000. Iron Horse Wealth Management LLC boosted its stake in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals during the second quarter worth $32,000. Prospera Private Wealth LLC acquired a new position in Air Products and Chemicals in the third quarter valued at $42,000. Finally, Trifecta Capital Advisors LLC boosted its position in Air Products and Chemicals by 1,700.0% during the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 136 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Barclays boosted their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. The Goldman Sachs Group raised their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Wells Fargo & Company boosted their target price on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Citigroup raised their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective on the stock in a report on Monday, November 18th. Eight investment 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, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average target price of $331.53.

Air Products and Chemicals Stock Performance

Shares of APD stock traded down $2.62 during trading hours on Tuesday, hitting $331.35. 27,333 shares of the company were exchanged, compared to its average volume of 1,614,510. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $336.42. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $311.53 and a 200 day simple moving average of $283.75. The stock has a market capitalization of $73.69 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 3.33 and a beta of 0.81.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

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.