Columbus Circle Investors Sells 3,979 Shares of Air Products & Chemicals (APD)

Columbus Circle Investors cut its holdings in Air Products & Chemicals (NYSE:APD) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,962 shares of the basic materials company’s stock after selling 3,979 shares during the quarter. Columbus Circle Investors owned approximately 0.08% of Air Products & Chemicals worth $27,506,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in APD. Virtue Capital Management LLC purchased a new stake in Air Products & Chemicals during the 4th quarter valued at about $100,000. Cerebellum GP LLC purchased a new stake in Air Products & Chemicals during the 4th quarter valued at about $129,000. Prentiss Smith & Co. Inc. purchased a new stake in Air Products & Chemicals during the 4th quarter valued at about $139,000. Independence Bank of Kentucky purchased a new stake in Air Products & Chemicals during the 4th quarter valued at about $195,000. Finally, Charter Research & Investment Group Inc. purchased a new stake in Air Products & Chemicals during the 4th quarter valued at about $200,000. 87.37% of the stock is currently owned by institutional investors.

Shares of Air Products & Chemicals opened at $166.77 on Friday, Marketbeat reports. Air Products & Chemicals has a twelve month low of $165.92 and a twelve month high of $167.79. The company has a current ratio of 3.08, a quick ratio of 2.89 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $36.50 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 13th. Stockholders of record on Monday, July 2nd will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, June 29th. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 69.73%.

APD has been the topic of several research analyst reports. Citigroup upped their target price on shares of Air Products & Chemicals from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Seaport Global Securities restated a “buy” rating and set a $185.00 target price on shares of Air Products & Chemicals in a research note on Monday, January 29th. Jefferies Group restated a “buy” rating and set a $195.00 target price on shares of Air Products & Chemicals in a research note on Monday, January 29th. Credit Suisse Group set a $181.00 target price on shares of Air Products & Chemicals and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Monness Crespi & Hardt upped their target price on shares of Air Products & Chemicals from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $179.41.

About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

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