Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 12.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,640 shares of the basic materials company’s stock after acquiring an additional 1,100 shares during the period. Public Sector Pension Investment Board’s holdings in Air Products and Chemicals were worth $2,870,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in shares of Air Products and Chemicals in the 3rd quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals during the second quarter worth about $32,000. Iron Horse Wealth Management LLC lifted its holdings 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 purchasing an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC increased its stake in shares of Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $42,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $330.60 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $73.52 billion, a P/E ratio of 19.24, a PEG ratio of 3.36 and a beta of 0.81. The firm has a fifty day moving average of $316.73 and a 200-day moving average of $287.14. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $337.00.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

Analysts Set New Price Targets

A number of equities research analysts have commented on APD shares. Citigroup increased their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. decreased their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Mizuho raised their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a report on Friday, October 25th. Finally, StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $331.53.

Air Products and Chemicals Company 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.