Triad Wealth Partners LLC Invests $275,000 in Air Products and Chemicals, Inc. (NYSE:APD)

Triad Wealth Partners LLC purchased a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,067 shares of the basic materials company’s stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of APD. Roble Belko & Company Inc bought a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $27,000. Sachetta LLC bought a new position in Air Products and Chemicals in the 4th quarter worth $27,000. Security National Bank purchased a new stake in shares of Air Products and Chemicals in the 4th quarter worth about $27,000. Thompson Investment Management Inc. bought a new stake in shares of Air Products and Chemicals during the 1st quarter valued at about $27,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of Air Products and Chemicals during the fourth quarter valued at about $28,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.8 %

APD stock traded up $2.16 during midday trading on Friday, reaching $276.04. 763,947 shares of the company traded hands, compared to its average volume of 1,718,380. The firm has a market capitalization of $61.37 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 3.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.27. The business has a 50 day moving average of $267.63 and a 200-day moving average of $251.31. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $307.71.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be given a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.56%. Air Products and Chemicals’s dividend payout ratio is presently 63.90%.

Analyst Upgrades and Downgrades

APD has been the topic of several recent research reports. BMO Capital Markets upped their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Morgan Stanley boosted their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. JPMorgan Chase & Co. raised their target price on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut 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 report on Monday, July 22nd. Finally, Bank of America increased their target price on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $296.53.

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.