Creative Financial Designs Inc. ADV lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 60.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,339 shares of the basic materials company’s stock after acquiring an additional 2,772 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Air Products and Chemicals were worth $2,002,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new position in Air Products and Chemicals in the 2nd quarter worth about $28,000. Traub Capital Management LLC bought a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at approximately $28,000. Abound Wealth Management increased its holdings in Air Products and Chemicals by 292.3% in the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after buying an additional 76 shares during the last quarter. Westside Investment Management Inc. raised its position in Air Products and Chemicals by 228.1% during the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 73 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in Air Products and Chemicals by 169.6% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.
Air Products and Chemicals Trading Down 0.2%
Air Products and Chemicals stock opened at $275.78 on Friday. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $321.47. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.23 and a current ratio of 1.46. The firm has a market capitalization of $61.41 billion, a PE ratio of -182.64, a PEG ratio of 2.70 and a beta of 0.87. The business’s 50-day simple moving average is $267.19 and its 200-day simple moving average is $267.07.
Air Products and Chemicals Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be given a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend is Wednesday, April 1st. Air Products and Chemicals’s payout ratio is presently -474.17%.
Insider Buying and Selling
In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $284.21, for a total value of $19,944,436.75. Following the completion of the sale, the director directly owned 93,499 shares of the company’s stock, valued at $26,573,350.79. This represents a 42.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.88% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research firms have recently weighed in on APD. Citigroup raised their price target on shares of Air Products and Chemicals from $272.00 to $285.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Royal Bank Of Canada cut their target price on Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Mizuho decreased their price target on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Jefferies Financial Group increased their price objective on Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $315.00 target price on shares of Air Products and Chemicals in a report on Monday, February 2nd. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $295.88.
Check Out Our Latest Stock Report on APD
About Air Products and Chemicals
Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.
The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.
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