Air Products & Chemicals (APD) Holdings Reduced by Columbus Circle Investors

Columbus Circle Investors decreased its position in shares of Air Products & Chemicals (NYSE:APD) by 2.2% during the first quarter, HoldingsChannel.com reports. The fund owned 172,962 shares of the basic materials company’s stock after selling 3,979 shares during the quarter. Columbus Circle Investors’ holdings in Air Products & Chemicals were worth $27,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtue Capital Management LLC bought a new stake in Air Products & Chemicals during the 4th quarter worth approximately $100,000. Cerebellum GP LLC bought a new stake in Air Products & Chemicals during the 4th quarter worth approximately $129,000. Prentiss Smith & Co. Inc. bought a new stake in Air Products & Chemicals during the 4th quarter worth approximately $139,000. Independence Bank of Kentucky bought a new stake in Air Products & Chemicals during the 4th quarter worth approximately $195,000. Finally, Charter Research & Investment Group Inc. bought a new stake in Air Products & Chemicals during the 4th quarter worth approximately $200,000. Institutional investors own 87.37% of the company’s stock.

Shares of APD opened at $166.77 on Friday. The company has a quick ratio of 2.89, a current ratio of 3.08 and a debt-to-equity ratio of 0.32. Air Products & Chemicals has a 1 year low of $165.92 and a 1 year high of $167.79. The company has a market cap of $36.50 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 1.39 and a beta of 1.22.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 13th. Shareholders of record on Monday, July 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, June 29th. Air Products & Chemicals’s dividend payout ratio (DPR) is currently 69.73%.

A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Air Products & Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, April 30th. Jefferies Group restated a “buy” rating and set a $195.00 target price on shares of Air Products & Chemicals in a research note on Monday, January 29th. Citigroup raised their target price on shares of Air Products & Chemicals from $185.00 to $198.00 and gave the stock a “buy” rating in a research note on Monday, April 30th. Monness Crespi & Hardt raised their target price on shares of Air Products & Chemicals from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, KeyCorp raised their target price on shares of Air Products & Chemicals from $175.00 to $184.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $179.41.

Air Products & Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

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