Air Products and Chemicals, Inc. (NYSE:APD) Stock Position Lowered by Associated Banc Corp

Associated Banc Corp lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,276 shares of the basic materials company’s stock after selling 153 shares during the period. Associated Banc Corp’s holdings in Air Products and Chemicals were worth $31,345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Air Products and Chemicals by 4.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock valued at $790,371,000 after acquiring an additional 122,676 shares in the last quarter. Pathway Financial Advisers LLC raised its stake in Air Products and Chemicals by 29,954.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after purchasing an additional 2,884,581 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Air Products and Chemicals by 127.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after purchasing an additional 1,564,169 shares in the last quarter. Raymond James & Associates grew its holdings in shares of 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 valued at $608,312,000 after buying an additional 33,313 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Air Products and Chemicals by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 2,034,818 shares of the basic materials company’s stock valued at $525,085,000 after buying an additional 5,140 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock traded up $1.72 on Monday, reaching $333.55. 32,100 shares of the stock were exchanged, compared to its average volume of 1,610,108. The stock has a market cap of $74.17 billion, a PE ratio of 19.31, a PEG ratio of 3.33 and a beta of 0.81. The firm has a fifty day moving average price of $310.63 and a two-hundred day moving average price of $283.16. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $335.06. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.12%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barclays raised their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Citigroup raised their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Mizuho lifted their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Finally, StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Company 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.