Sage Capital Advisors llc Has $4.38 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Sage Capital Advisors llc boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,693 shares of the basic materials company’s stock after buying an additional 47 shares during the quarter. Air Products and Chemicals makes up about 1.1% of Sage Capital Advisors llc’s holdings, making the stock its 29th biggest position. Sage Capital Advisors llc’s holdings in Air Products and Chemicals were worth $4,375,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Thompson Investment Management Inc. acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $27,000. Transcendent Capital Group LLC acquired a new position in shares of Air Products and Chemicals in the fourth quarter valued at $28,000. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals in the second quarter worth $32,000. Hexagon Capital Partners LLC boosted its stake in Air Products and Chemicals by 2,250.0% during the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after buying an additional 135 shares in the last quarter. Finally, Trifecta Capital Advisors LLC increased its holdings 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 period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

APD stock opened at $310.36 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $313.00. The business’s fifty day moving average is $281.61 and its 200-day moving average is $263.79. The company has a market cap of $68.99 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 3.89 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.90%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $305.00 to $365.00 in a report on Monday. Wells Fargo & Company upped their price target on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. UBS Group upped their target price on shares of Air Products and Chemicals from $276.00 to $281.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, Citigroup upped their price objective on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus price target of $309.18.

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.