Longfellow Investment Management Co. LLC Sells 671 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Longfellow Investment Management Co. LLC trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,534 shares of the basic materials company’s stock after selling 671 shares during the quarter. Longfellow Investment Management Co. LLC’s holdings in Air Products and Chemicals were worth $1,350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APD. Truvestments Capital LLC purchased a new stake in shares of Air Products and Chemicals in the 3rd quarter worth $25,000. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the second quarter worth about $32,000. Iron Horse Wealth Management LLC raised its stake in shares of Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares during the period. Trifecta Capital Advisors LLC lifted its position 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 valued at $37,000 after buying an additional 136 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Air Products and Chemicals during the 3rd quarter valued at approximately $42,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Up 0.9 %

APD opened at $331.83 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The stock’s 50 day moving average price is $310.63 and its 200-day moving average price is $283.16. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.69. The stock has a market cap of $73.79 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 3.33 and a beta of 0.81.

Air Products and Chemicals Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a report on Monday, October 7th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a research note on Friday, October 25th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Finally, UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a research report on Monday, November 18th. Eight 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, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.