Saxon Interests Inc. Has $1.23 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Saxon Interests Inc. boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 13.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,136 shares of the basic materials company’s stock after buying an additional 487 shares during the quarter. Saxon Interests Inc.’s holdings in Air Products and Chemicals were worth $1,232,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of APD. Thompson Investment Management Inc. bought a new stake in shares of Air Products and Chemicals during the first quarter worth $27,000. Transcendent Capital Group LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter valued at about $28,000. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals during the 2nd quarter worth about $32,000. Hexagon Capital Partners LLC grew its holdings in Air Products and Chemicals by 2,250.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 135 shares during the last quarter. Finally, Trifecta Capital Advisors LLC increased its position 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 acquiring an additional 136 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on APD shares. The Goldman Sachs Group upped their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. BMO Capital Markets upped their price objective on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $305.00 to $365.00 in a research note on Monday. Barclays boosted their target price on Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, Mizuho raised their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus price target of $313.53.

Air Products and Chemicals Trading Up 1.2 %

Shares of NYSE APD traded up $3.66 during midday trading on Wednesday, reaching $314.02. 342,857 shares of the stock were exchanged, compared to its average volume of 1,620,613. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $314.33. The company has a market capitalization of $69.81 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 3.89 and a beta of 0.82. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The business has a 50-day simple moving average of $282.53 and a two-hundred day simple moving average of $264.30.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. As a group, equities research analysts expect that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $1.77 per share. The ex-dividend date is Tuesday, October 1st. This represents a $7.08 annualized dividend and a yield of 2.25%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 63.90%.

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.