Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Concentric Capital Strategies LP

Concentric Capital Strategies LP boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 69.1% during the third quarter, Holdings Channel.com reports. The fund owned 12,192 shares of the basic materials company’s stock after purchasing an additional 4,980 shares during the quarter. Concentric Capital Strategies LP’s holdings in Air Products and Chemicals were worth $3,630,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APD. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of Air Products and Chemicals by 0.3% during the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock valued at $3,452,000 after acquiring an additional 34 shares during the last quarter. CX Institutional raised its stake in Air Products and Chemicals by 2.6% in the 3rd quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock valued at $400,000 after purchasing an additional 34 shares during the last quarter. Bank of Stockton lifted its holdings in Air Products and Chemicals by 1.9% in the 3rd quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 34 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Air Products and Chemicals by 22.3% during the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock worth $60,000 after buying an additional 37 shares in the last quarter. Finally, Chesapeake Wealth Management raised its position in shares of Air Products and Chemicals by 1.7% in the third quarter. Chesapeake Wealth Management now owns 2,189 shares of the basic materials company’s stock valued at $652,000 after buying an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

APD stock opened at $335.66 on Tuesday. The business’s fifty day moving average price is $315.16 and its 200 day moving average price is $286.11. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $336.42. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $74.64 billion, a PE ratio of 19.54, a P/E/G ratio of 3.35 and a beta of 0.81.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.11%. Air Products and Chemicals’s dividend payout ratio is presently 41.21%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on APD shares. BMO Capital Markets boosted their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. reduced their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their target price for the company from $305.00 to $365.00 in a report on Monday, October 7th. Finally, Citigroup lifted their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus target price of $331.53.

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.