Vise Technologies Inc. increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 113.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,136 shares of the basic materials company’s stock after acquiring an additional 3,262 shares during the quarter. Vise Technologies Inc.’s holdings in Air Products and Chemicals were worth $1,516,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of APD. Brighton Jones LLC boosted its stake in Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after acquiring an additional 412 shares during the last quarter. Bison Wealth LLC bought a new position in Air Products and Chemicals during the 4th quarter worth approximately $245,000. Sei Investments Co. boosted its stake in Air Products and Chemicals by 197.6% during the 2nd quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock worth $79,498,000 after acquiring an additional 187,142 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in Air Products and Chemicals by 2.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company’s stock worth $29,271,000 after acquiring an additional 2,171 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in Air Products and Chemicals by 52.5% during the 2nd quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company’s stock worth $1,873,000 after buying an additional 2,229 shares during the period. Institutional investors own 81.66% of the company’s stock.
Air Products and Chemicals Stock Performance
Shares of APD opened at $282.74 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.43. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $307.96. The firm’s 50 day moving average price is $293.91 and its two-hundred day moving average price is $275.53. The firm has a market cap of $62.96 billion, a P/E ratio of 29.92, a PEG ratio of 2.48 and a beta of 0.74.
Air Products and Chemicals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be issued a $1.81 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.6%. Air Products and Chemicals’s dividend payout ratio (DPR) is 76.19%.
Insider Activity
In other news, CFO Melissa N. Schaeffer sold 2,714 shares of Air Products and Chemicals stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $303.76, for a total value of $824,404.64. Following the sale, the chief financial officer directly owned 14,212 shares in the company, valued at $4,317,037.12. This trade represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.88% of the stock is owned by company insiders.
Analyst Ratings Changes
APD has been the topic of a number of research reports. Citigroup lifted their price target on shares of Air Products and Chemicals from $285.00 to $315.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. lifted their price target on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Mizuho set a $345.00 price target on shares of Air Products and Chemicals in a research note on Friday, May 1st. Wells Fargo & Company lifted their price target on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada lifted their price target on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $323.12.
Get Our Latest Stock Report on Air Products and Chemicals
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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