Landscape Capital Management L.L.C. lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 21.5% during the second quarter, HoldingsChannel.com reports. The firm owned 8,495 shares of the basic materials company’s stock after selling 2,326 shares during the period. Landscape Capital Management L.L.C.’s holdings in Air Products and Chemicals were worth $2,491,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Cary Street Partners Financial LLC increased its holdings in Air Products and Chemicals by 2.2% in the fourth quarter. Cary Street Partners Financial LLC now owns 1,616 shares of the basic materials company’s stock valued at $399,000 after buying an additional 35 shares during the last quarter. Revisor Wealth Management LLC raised its stake in Air Products and Chemicals by 0.8% during the first quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock valued at $1,320,000 after buying an additional 36 shares in the last quarter. StoneX Group Inc. lifted its holdings in Air Products and Chemicals by 1.3% during the 4th quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock worth $688,000 after buying an additional 36 shares during the last quarter. CYBER HORNET ETFs LLC lifted its holdings in Air Products and Chemicals by 6.1% during the 4th quarter. CYBER HORNET ETFs LLC now owns 642 shares of the basic materials company’s stock worth $159,000 after buying an additional 37 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft grew its position in shares of Air Products and Chemicals by 0.7% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 5,053 shares of the basic materials company’s stock worth $1,463,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.
Air Products and Chemicals Stock Up 1.7%
Shares of Air Products and Chemicals stock opened at $305.55 on Friday. The stock has a market capitalization of $68.04 billion, a price-to-earnings ratio of -1,388.86, a PEG ratio of 2.65 and a beta of 0.73. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The business’s 50 day simple moving average is $295.82 and its 200-day simple moving average is $290.75.
Air Products and Chemicals Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals’s payout ratio is -3,290.91%.
Analyst Ratings Changes
Several research firms recently issued reports on APD. Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a research report on Monday, August 3rd. UBS Group lifted their price objective on shares of Air Products and Chemicals from $330.00 to $336.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Royal Bank Of Canada boosted their target price on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Weiss Ratings cut shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $320.00 price target on shares of Air Products and Chemicals in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $332.76.
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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