Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 12.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 456 shares of the basic materials company’s stock after acquiring an additional 52 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Air Products and Chemicals were worth $136,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of APD. Thompson Investment Management Inc. purchased a new stake in Air Products and Chemicals in the first quarter valued at $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $28,000. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the 2nd quarter valued at about $32,000. Hexagon Capital Partners LLC lifted its position in Air Products and Chemicals by 2,250.0% in the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock valued at $34,000 after buying an additional 135 shares during the last quarter. Finally, Trifecta Capital Advisors LLC boosted its stake 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 worth $37,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on APD. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a research note on Monday, October 7th. Finally, The Goldman Sachs Group lifted their target price on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $316.47.

Air Products and Chemicals Price Performance

Shares of APD opened at $316.81 on Friday. The firm has a market capitalization of $70.43 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 3.87 and a beta of 0.82. The firm’s fifty day simple moving average is $284.78 and its 200-day simple moving average is $265.55. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $323.86. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Equities analysts forecast that Air Products and Chemicals, Inc. will post 12.33 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be paid a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 annualized dividend and a yield of 2.23%. Air Products and Chemicals’s dividend payout ratio is currently 61.35%.

Air Products and Chemicals 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.