Citizens Financial Group Inc. RI Increases Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Citizens Financial Group Inc. RI boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,992 shares of the basic materials company’s stock after purchasing an additional 38 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Air Products and Chemicals were worth $891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of APD. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of Air Products and Chemicals by 0.3% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock valued at $3,452,000 after acquiring an additional 34 shares in the last quarter. CX Institutional lifted its position in shares of Air Products and Chemicals by 2.6% in the 3rd quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock worth $400,000 after purchasing an additional 34 shares during the period. Bank of Stockton boosted its stake in shares of Air Products and Chemicals by 1.9% during the third quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 34 shares in the last quarter. Cape Investment Advisory Inc. increased its holdings in Air Products and Chemicals by 1.0% during the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock valued at $906,000 after buying an additional 37 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in Air Products and Chemicals by 22.3% in the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock worth $60,000 after buying an additional 37 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Monday, November 18th. Barclays lifted their target price on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a report on Monday, October 7th. Mizuho raised their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $331.53.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $331.83 on Friday. The business has a fifty day moving average of $310.63 and a 200 day moving average of $282.67. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The firm has a market capitalization of $73.77 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81.

Air Products and Chemicals Dividend Announcement

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

Air Products and Chemicals Company 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.