Intrepid Capital Management Inc. Makes New $202,000 Investment in Air Products and Chemicals, Inc. (NYSE:APD)

Intrepid Capital Management Inc. bought a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 680 shares of the basic materials company’s stock, valued at approximately $202,000.

A number of other hedge funds have also added to or reduced their stakes in APD. Truvestments Capital LLC acquired a new stake in Air Products and Chemicals in the third quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals in the second quarter valued at $32,000. Iron Horse Wealth Management LLC lifted its stake in shares of Air Products and Chemicals by 88.7% during the 3rd 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 last quarter. Trifecta Capital Advisors LLC raised its stake 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 worth $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in Air Products and Chemicals in the 3rd quarter worth about $42,000. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

APD has been the subject of several analyst reports. Mizuho lifted their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a report on Monday, August 5th. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a report on Friday, October 25th. Citigroup raised their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Stock Down 0.7 %

Shares of Air Products and Chemicals stock traded down $2.42 during trading hours on Tuesday, reaching $333.20. The company’s stock had a trading volume of 74,038 shares, compared to its average volume of 1,606,756. The stock’s fifty day simple moving average is $315.16 and its two-hundred day simple moving average is $286.11. The company has a market capitalization of $74.10 billion, a P/E ratio of 19.54, a P/E/G ratio of 3.35 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.12%. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

About Air Products and Chemicals

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.