Vise Technologies Inc. bought a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,517 shares of the basic materials company's stock, valued at approximately $3,483,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in APD. State Street Corp increased its position in Air Products and Chemicals by 277.4% in the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company's stock valued at $10,597,451,000 after acquiring an additional 28,050,956 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Air Products and Chemicals during the second quarter worth approximately $5,370,093,000. Bank of America Corp DE lifted its position in shares of Air Products and Chemicals by 14.3% during the first quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company's stock worth $1,290,801,000 after purchasing an additional 556,188 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Air Products and Chemicals by 326.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company's stock valued at $927,010,000 after purchasing an additional 2,563,873 shares during the last quarter. Finally, Aristotle Capital Management LLC grew its stake in shares of Air Products and Chemicals by 0.5% during the first quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company's stock valued at $779,665,000 after purchasing an additional 14,262 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.
Air Products and Chemicals Stock Down 1.0%
Shares of NYSE APD opened at $312.83 on Wednesday. The firm has a market capitalization of $69.66 billion, a PE ratio of -1,421.94, a price-to-earnings-growth ratio of 2.98 and a beta of 0.67. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $319.98. The firm's 50-day moving average is $294.60 and its 200-day moving average is $290.21.
Air Products and Chemicals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Monday, January 4th will be issued a $1.81 dividend. This represents a $7.24 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, January 4th. Air Products and Chemicals's dividend payout ratio is currently -3,290.91%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on APD shares. Sanford C. Bernstein restated an "outperform" rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Royal Bank Of Canada decreased their price objective on Air Products and Chemicals from $360.00 to $346.00 and set an "outperform" rating on the stock in a research report on Thursday, October 15th. KeyCorp assumed coverage on Air Products and Chemicals in a research note on Thursday, September 10th. They issued a "sector weight" rating for the company. Finally, Weiss Ratings upgraded Air Products and Chemicals from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, October 27th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $333.88.
Get Our Latest Stock Analysis on APD
About Air Products and Chemicals
(
Free Report)
Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.
Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.
See Also
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