Intrepid Capital Management Inc. Takes Position in Air Products and Chemicals, Inc. (NYSE:APD)

Intrepid Capital Management Inc. acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 680 shares of the basic materials company’s stock, valued at approximately $202,000.

Other large investors have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in Air Products and Chemicals during the third quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in shares of Air Products and Chemicals in the second quarter valued at approximately $32,000. Iron Horse Wealth Management LLC boosted its position in shares of Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the period. Trifecta Capital Advisors LLC boosted its position in shares of Air Products and Chemicals by 1,700.0% in 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 period. Finally, Prospera Private Wealth LLC bought a new position in shares of Air Products and Chemicals in the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APD. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $305.00 to $365.00 in a research report on Monday, October 7th. Wells Fargo & Company lifted 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. Mizuho lifted their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Finally, Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research report on Monday, October 7th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $331.53.

Air Products and Chemicals Stock Down 0.7 %

Air Products and Chemicals stock traded down $2.42 during mid-day trading on Tuesday, reaching $333.20. The stock had a trading volume of 74,038 shares, compared to its average volume of 1,606,756. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The company has a 50-day moving average price of $315.16 and a two-hundred day moving average price of $286.11. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The company has a market capitalization of $74.10 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 3.35 and a beta of 0.81.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

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.