CX Institutional Takes $338,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

CX Institutional acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,309 shares of the basic materials company’s stock, valued at approximately $338,000.

Several other large investors have also modified their holdings of APD. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth $27,000. Roble Belko & Company Inc acquired a new stake in Air Products and Chemicals in the fourth quarter valued at $27,000. Sachetta LLC acquired a new stake in Air Products and Chemicals in the fourth quarter valued at $27,000. Security National Bank acquired a new stake in Air Products and Chemicals in the fourth quarter valued at $27,000. Finally, Transcendent Capital Group LLC acquired a new stake in Air Products and Chemicals in the fourth quarter valued at $28,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on APD shares. JPMorgan Chase & Co. lifted their price target on Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Barclays lifted their price objective on Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their price target for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. Finally, Mizuho lowered their target price on Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $296.53.

Air Products and Chemicals Stock Down 0.0 %

NYSE:APD traded down $0.08 during mid-day trading on Friday, reaching $279.13. The stock had a trading volume of 432,064 shares, compared to its average volume of 1,740,646. The business’s 50 day moving average is $267.08 and its 200 day moving average is $250.71. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The stock has a market cap of $62.05 billion, a P/E ratio of 25.20, a PEG ratio of 3.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.31.

Air Products and Chemicals Announces Dividend

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 issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 annualized dividend and a yield of 2.54%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

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.