Gould Capital LLC Buys New Position in Air Products and Chemicals, Inc. (NYSE:APD)

Gould Capital LLC acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,209 shares of the basic materials company’s stock, valued at approximately $1,253,000.

Several other large investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new stake in Air Products and Chemicals during the 3rd quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals in the 2nd quarter valued at about $32,000. Iron Horse Wealth Management LLC raised its stake in Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the last quarter. Trifecta Capital Advisors LLC lifted its position in Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 136 shares during the period. Finally, Prospera Private Wealth LLC purchased a new position in shares of Air Products and Chemicals in the 3rd quarter valued at approximately $42,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup increased their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. BMO Capital Markets lifted their target price on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. dropped their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Wells Fargo & Company raised their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Barclays increased their target price on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Stock Performance

Shares of APD opened at $316.69 on Tuesday. The company has a 50-day moving average of $318.59 and a two-hundred day moving average of $288.74. The stock has a market cap of $70.42 billion, a P/E ratio of 18.43, a PEG ratio of 3.21 and a beta of 0.81. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $337.00. 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. Investors of record on Thursday, January 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 annualized dividend and a yield of 2.24%. Air Products and Chemicals’s payout ratio is currently 41.21%.

About Air Products and Chemicals

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.