Quantinno Capital Management LP Buys 13,846 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Quantinno Capital Management LP boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 138.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,861 shares of the basic materials company’s stock after acquiring an additional 13,846 shares during the quarter. Quantinno Capital Management LP’s holdings in Air Products and Chemicals were worth $7,105,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in APD. Truvestments Capital LLC bought a new stake in Air Products and Chemicals in the 3rd quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals in the 2nd quarter valued at $32,000. Iron Horse Wealth Management LLC increased its stake in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares during the last quarter. Trifecta Capital Advisors LLC increased its stake in Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after buying an additional 136 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in Air Products and Chemicals in the 3rd quarter valued at $42,000. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Performance

NYSE APD opened at $320.04 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $71.17 billion, a P/E ratio of 18.63, a P/E/G ratio of 3.31 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 firm has a 50-day moving average price of $317.82 and a two-hundred day moving average price of $287.66.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on APD shares. Citigroup lifted their price target 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. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a research note on Friday, October 25th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Barclays boosted their price objective on shares of 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. Finally, UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective on the stock in a research note on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average target price of $331.53.

Air Products and Chemicals Profile

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.