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

Sage Capital Advisors llc grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,693 shares of the basic materials company’s stock after buying an additional 47 shares during the quarter. Air Products and Chemicals accounts for about 1.1% of Sage Capital Advisors llc’s investment portfolio, making the stock its 29th biggest holding. Sage Capital Advisors llc’s holdings in Air Products and Chemicals were worth $4,375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in APD. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $449,000. Cresset Asset Management LLC grew its holdings in shares of Air Products and Chemicals by 1.3% during the fourth quarter. Cresset Asset Management LLC now owns 43,144 shares of the basic materials company’s stock worth $11,885,000 after buying an additional 538 shares in the last quarter. Jacobi Capital Management LLC raised its position in Air Products and Chemicals by 1.6% in the 4th quarter. Jacobi Capital Management LLC now owns 7,315 shares of the basic materials company’s stock valued at $2,003,000 after buying an additional 117 shares during the last quarter. Point72 Europe London LLP bought a new stake in Air Products and Chemicals in the 4th quarter valued at approximately $2,142,000. Finally, First Long Island Investors LLC boosted its position in Air Products and Chemicals by 20.6% during the 4th quarter. First Long Island Investors LLC now owns 47,892 shares of the basic materials company’s stock worth $13,113,000 after acquiring an additional 8,186 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on APD shares. Citigroup lifted their price objective on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a report on Monday. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $305.00 to $365.00 in a research note on Monday. JPMorgan Chase & Co. increased their price objective on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. UBS Group lifted their target price on Air Products and Chemicals from $276.00 to $281.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price target for the company from $295.00 to $364.00 in a research report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $309.18.

Air Products and Chemicals Stock Down 0.7 %

Shares of APD opened at $310.36 on Wednesday. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $313.00. The stock has a fifty day moving average of $281.61 and a 200-day moving average of $263.79. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The stock has a market capitalization of $68.99 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 3.89 and a beta of 0.82.

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

Air Products and Chemicals Dividend Announcement

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

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.