Core Alternative Capital Has $7.14 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Core Alternative Capital grew its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,672 shares of the basic materials company’s stock after purchasing an additional 203 shares during the quarter. Air Products and Chemicals comprises approximately 1.5% of Core Alternative Capital’s investment portfolio, making the stock its 24th biggest position. Core Alternative Capital’s holdings in Air Products and Chemicals were worth $7,138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Air Products and Chemicals by 1.9% during the third quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company’s stock worth $1,448,570,000 after buying an additional 88,806 shares in the last quarter. Pathway Financial Advisers LLC grew its position in Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock worth $861,722,000 after buying an additional 2,884,581 shares in the last quarter. Raymond James & Associates grew its position in Air Products and Chemicals by 1.7% during the third quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock worth $608,312,000 after buying an additional 33,313 shares in the last quarter. National Bank of Canada FI grew its position in Air Products and Chemicals by 3.9% during the third quarter. National Bank of Canada FI now owns 1,867,290 shares of the basic materials company’s stock worth $555,967,000 after buying an additional 70,759 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Air Products and Chemicals by 1.2% during the third quarter. Stifel Financial Corp now owns 1,633,381 shares of the basic materials company’s stock worth $486,343,000 after buying an additional 19,209 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.0 %

Shares of NYSE:APD opened at $310.38 on Tuesday. The company has a market capitalization of $69.02 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 3.47 and a beta of 0.85. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 1.34. The business’s 50-day moving average is $309.83 and its 200-day moving average is $301.89. Air Products and Chemicals, Inc. has a 1 year low of $216.30 and a 1 year high of $341.14.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, February 6th. The basic materials company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.27). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.77 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 2.31%. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s payout ratio is presently 41.58%.

Analyst Upgrades and Downgrades

APD has been the topic of a number of analyst reports. Sanford C. Bernstein raised Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price target on the stock in a research report on Friday, January 31st. Citigroup upped their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. restated a “neutral” rating and set a $320.00 target price (down from $345.00) on shares of Air Products and Chemicals in a research note on Friday. Finally, BMO Capital Markets cut Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $339.94.

Insider Activity at Air Products and Chemicals

In other Air Products and Chemicals news, VP Sean D. Major sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $315.46, for a total transaction of $1,419,570.00. Following the completion of the sale, the vice president now directly owns 14,273 shares of the company’s stock, valued at approximately $4,502,560.58. The trade was a 23.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

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.