Agate Pass Investment Management LLC Buys 165 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Agate Pass Investment Management LLC increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,902 shares of the basic materials company’s stock after acquiring an additional 165 shares during the quarter. Agate Pass Investment Management LLC’s holdings in Air Products and Chemicals were worth $2,055,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Avantax Advisory Services Inc. raised its holdings in shares of Air Products and Chemicals by 151.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 24,881 shares of the basic materials company’s stock worth $6,028,000 after acquiring an additional 14,981 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Air Products and Chemicals by 3.6% in the 1st quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock worth $16,355,000 after buying an additional 2,321 shares during the last quarter. Trilogy Capital Inc. purchased a new stake in shares of Air Products and Chemicals during the 1st quarter valued at about $2,625,000. FORA Capital LLC grew its position in Air Products and Chemicals by 13.0% in the first quarter. FORA Capital LLC now owns 33,823 shares of the basic materials company’s stock worth $8,194,000 after acquiring an additional 3,881 shares in the last quarter. Finally, Mizuho Markets Americas LLC increased its stake in Air Products and Chemicals by 140.1% during the first quarter. Mizuho Markets Americas LLC now owns 39,164 shares of the basic materials company’s stock worth $9,488,000 after acquiring an additional 22,850 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on APD. Mizuho increased their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday. The Goldman Sachs Group increased their price target on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their target price for the company from $310.00 to $280.00 in a research report on Monday, July 22nd. Finally, UBS Group increased their price target on Air Products and Chemicals from $276.00 to $281.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $313.53.

Air Products and Chemicals Trading Up 0.2 %

Shares of NYSE APD opened at $314.67 on Friday. 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. The stock has a fifty day simple moving average of $283.53 and a 200-day simple moving average of $264.65. The stock has a market capitalization of $69.95 billion, a PE ratio of 27.27, a PEG ratio of 3.87 and a beta of 0.82.

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

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be issued a $1.77 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.25%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 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.