Air Products and Chemicals, Inc. $APD Stock: Profund Advisors LLC Trims Position

Profund Advisors LLC trimmed its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 33.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,875 shares of the basic materials company’s stock after selling 2,435 shares during the period. Profund Advisors LLC’s holdings in Air Products and Chemicals were worth $1,356,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ProShare Advisors LLC raised its stake in Air Products and Chemicals by 1.3% in the third quarter. ProShare Advisors LLC now owns 593,813 shares of the basic materials company’s stock valued at $165,217,000 after purchasing an additional 7,816 shares in the last quarter. Vise Technologies Inc. bought a new stake in Air Products and Chemicals during the third quarter valued at approximately $3,483,000. Grandfield & Dodd LLC grew its stake in Air Products and Chemicals by 0.6% in the 3rd quarter. Grandfield & Dodd LLC now owns 110,064 shares of the basic materials company’s stock worth $30,623,000 after buying an additional 604 shares in the last quarter. Intrua Financial LLC grew its stake in Air Products and Chemicals by 5.1% in the 3rd quarter. Intrua Financial LLC now owns 1,966 shares of the basic materials company’s stock worth $547,000 after buying an additional 95 shares in the last quarter. Finally, Invera Wealth Advisors LLC increased its holdings in shares of Air Products and Chemicals by 5.0% in the 3rd quarter. Invera Wealth Advisors LLC now owns 3,162 shares of the basic materials company’s stock worth $880,000 after buying an additional 152 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $315.48 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $294.46 and a 200-day moving average price of $289.98. The company has a market cap of $70.25 billion, a price-to-earnings ratio of -1,433.98, a price-to-earnings-growth ratio of 2.89 and a beta of 0.76. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $319.98.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Shareholders of record on Monday, January 4th will be given a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, January 4th. Air Products and Chemicals’s payout ratio is presently -3,290.91%.

Analyst Ratings Changes

A number of research firms have recently issued reports on APD. Barclays assumed coverage on shares of Air Products and Chemicals in a report on Monday, October 12th. They set an “overweight” rating and a $353.00 price objective for the company. Mizuho upped their target price on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. KeyCorp assumed coverage on Air Products and Chemicals in a research note on Thursday, September 10th. They issued a “sector weight” rating on the stock. Wells Fargo & Company raised their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Evercore reaffirmed an “outperform” rating and set a $342.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $333.88.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.