Transcend Capital Advisors LLC Has $1.57 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Transcend Capital Advisors LLC boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,085 shares of the basic materials company’s stock after buying an additional 69 shares during the period. Transcend Capital Advisors LLC’s holdings in Air Products and Chemicals were worth $1,570,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors increased its holdings in Air Products and Chemicals by 62.3% during the first quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock worth $2,720,704,000 after buying an additional 4,309,040 shares during the last quarter. Norges Bank acquired a new position in Air Products and Chemicals during the fourth quarter worth $852,288,000. Raymond James & Associates increased its holdings in Air Products and Chemicals by 8.7% during the first quarter. Raymond James & Associates now owns 2,099,419 shares of the basic materials company’s stock worth $508,626,000 after buying an additional 167,800 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Air Products and Chemicals by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 2,029,678 shares of the basic materials company’s stock worth $491,730,000 after purchasing an additional 64,427 shares during the period. Finally, Clearbridge Investments LLC boosted its position in Air Products and Chemicals by 50.6% during the first quarter. Clearbridge Investments LLC now owns 1,547,202 shares of the basic materials company’s stock worth $374,841,000 after purchasing an additional 520,179 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

NYSE APD traded down $5.73 during trading on Friday, hitting $281.74. 1,832,140 shares of the company’s stock were exchanged, compared to its average volume of 1,710,808. The stock’s 50 day moving average price is $265.80 and its two-hundred day moving average price is $250.13. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The company has a current ratio of 1.27, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. The company has a market cap of $62.63 billion, a PE ratio of 25.43, a P/E/G ratio of 3.17 and a beta of 0.81.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently 63.90%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on APD shares. Bank of America lifted their price objective on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Citigroup boosted their target price on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and reduced their target price for the company from $310.00 to $280.00 in a research report on Monday, July 22nd. Morgan Stanley boosted their target price on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Finally, Mizuho reduced their target price on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Hold” and a consensus price target of $292.14.

About Air Products and Chemicals

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.