Clear Trail Advisors LLC acquired a new position in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,155 shares of the basic materials company’s stock, valued at approximately $3,991,000.
A number of other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC grew its position 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 worth $945,000 after buying an additional 412 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $245,000. Journey Strategic Wealth LLC bought a new stake in shares of Air Products and Chemicals in the second quarter valued at about $295,000. AlphaCore Capital LLC lifted its stake in Air Products and Chemicals by 114.2% in the second quarter. AlphaCore Capital LLC now owns 782 shares of the basic materials company’s stock worth $221,000 after acquiring an additional 417 shares during the period. Finally, American Century Companies Inc. grew its holdings in Air Products and Chemicals by 10.4% during the 2nd quarter. American Century Companies Inc. now owns 57,639 shares of the basic materials company’s stock worth $16,258,000 after acquiring an additional 5,430 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.
Air Products and Chemicals Stock Down 0.8%
Shares of APD stock opened at $278.85 on Tuesday. The stock’s fifty day moving average price is $276.09 and its 200 day moving average price is $265.42. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $301.11. The company has a market cap of $62.09 billion, a price-to-earnings ratio of -184.67, a price-to-earnings-growth ratio of 2.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23.
Air Products and Chemicals Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be given a dividend of $1.81 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 annualized dividend and a yield of 2.6%. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s payout ratio is presently -474.17%.
Insider Transactions at Air Products and Chemicals
In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the transaction, the director owned 93,499 shares in the company, valued at approximately $26,573,350.79. This represents a 42.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.88% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have commented on APD shares. Jefferies Financial Group raised their target price on shares of Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Sanford C. Bernstein reiterated an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research note on Monday, February 2nd. Wolfe Research reissued an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a report on Monday, December 8th. UBS Group boosted their price objective on shares of Air Products and Chemicals from $250.00 to $285.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $255.00 target price on Air Products and Chemicals in a report on Wednesday, December 10th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $300.88.
Get Our Latest Report on Air Products and Chemicals
Air Products and Chemicals Company Profile
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.
See Also
Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD – Free Report).
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.
