L & S Advisors Inc Raises Position in Air Products and Chemicals, Inc. (NYSE:APD)

L & S Advisors Inc boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 179.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,538 shares of the basic materials company’s stock after purchasing an additional 13,828 shares during the period. L & S Advisors Inc’s holdings in Air Products and Chemicals were worth $6,413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of APD. Meeder Asset Management Inc. purchased a new position in shares of Air Products and Chemicals in the second quarter worth about $32,000. Iron Horse Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC lifted its holdings in shares of 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 last quarter. Prospera Private Wealth LLC purchased a new stake in Air Products and Chemicals in the third quarter worth approximately $42,000. Finally, Beacon Capital Management LLC boosted its position in Air Products and Chemicals by 128.8% during the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after buying an additional 103 shares during the period. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Price Performance

APD opened at $327.85 on Thursday. The firm has a market capitalization of $72.88 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. The business’s 50-day moving average is $308.70 and its two-hundred day moving average is $281.76. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.16%. Air Products and Chemicals’s payout ratio is 41.21%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on APD. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $305.00 to $365.00 in a report on Monday, October 7th. JPMorgan Chase & Co. lowered their price target on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. BMO Capital Markets upped their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the company from $295.00 to $364.00 in a report on Monday, October 7th. Finally, The Goldman Sachs Group boosted their price objective on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.