Nvest Financial LLC acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,600 shares of the basic materials company’s stock, valued at approximately $465,000.
A number of other hedge funds have also modified their holdings of APD. Cary Street Partners Financial LLC boosted its stake in Air Products and Chemicals by 2.2% during the 4th quarter. Cary Street Partners Financial LLC now owns 1,616 shares of the basic materials company’s stock worth $399,000 after purchasing an additional 35 shares during the period. Revisor Wealth Management LLC increased its stake in Air Products and Chemicals by 0.8% in the first quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock valued at $1,320,000 after purchasing an additional 36 shares during the period. StoneX Group Inc. raised its holdings in shares of Air Products and Chemicals by 1.3% in the fourth quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock valued at $688,000 after buying an additional 36 shares during the last quarter. CYBER HORNET ETFs LLC raised its holdings in shares of Air Products and Chemicals by 6.1% in the fourth quarter. CYBER HORNET ETFs LLC now owns 642 shares of the basic materials company’s stock valued at $159,000 after buying an additional 37 shares during the last quarter. Finally, Dakota Community Bank & Trust NA boosted its stake in shares of Air Products and Chemicals by 5.3% during the fourth quarter. Dakota Community Bank & Trust NA now owns 756 shares of the basic materials company’s stock worth $187,000 after buying an additional 38 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.
Air Products and Chemicals Trading Down 0.2%
NYSE APD opened at $313.55 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $69.82 billion, a P/E ratio of 33.18, a P/E/G ratio of 2.85 and a beta of 0.73. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $314.28. The firm has a 50-day moving average price of $290.10 and a 200 day moving average price of $280.16.
Air Products and Chemicals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be given a $1.81 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $7.24 annualized dividend and a yield of 2.3%. Air Products and Chemicals’s dividend payout ratio is presently 76.61%.
Insider Transactions at Air Products and Chemicals
In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $303.76, for a total value of $824,404.64. Following the completion of the sale, the chief financial officer owned 14,212 shares of the company’s stock, valued at approximately $4,317,037.12. This trade represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.88% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Sanford C. Bernstein restated an “outperform” rating and issued a $344.00 price target on shares of Air Products and Chemicals in a research report on Wednesday. Berenberg Bank set a $350.00 price objective on Air Products and Chemicals and gave the stock a “buy” rating in a research report on Monday, April 20th. Weiss Ratings raised Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. UBS Group upped their price target on Air Products and Chemicals from $307.00 to $316.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Bank of America increased their price target on Air Products and Chemicals from $280.00 to $303.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $324.82.
Get Our Latest Analysis on Air Products and Chemicals
Air Products and Chemicals 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.
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