Stonebrook Private Inc. Has $2.76 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Stonebrook Private Inc. boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,268 shares of the basic materials company’s stock after purchasing an additional 84 shares during the quarter. Stonebrook Private Inc.’s holdings in Air Products and Chemicals were worth $2,760,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. 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 lifted its holdings in shares of Air Products and Chemicals by 29,954.1% in the third 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its position 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 worth $720,597,000 after buying an additional 1,564,169 shares during the period. 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 hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

NYSE APD opened at $331.83 on Friday. The firm has a market cap of $73.77 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 3.29 and a beta of 0.81. 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, Inc. has a 1-year low of $212.24 and a 1-year high of $332.69. The company has a 50 day moving average of $310.63 and a 200-day moving average of $282.67.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.13%. Air Products and Chemicals’s payout ratio is 41.21%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays lifted their target price on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research report on Monday, October 7th. Mizuho raised their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target on the stock in a research note on Friday, October 25th. Finally, Citigroup lifted their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Eight 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 stock has an average rating of “Moderate Buy” and a consensus target price of $331.53.

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.