Great Valley Advisor Group Inc. Has $3.83 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Great Valley Advisor Group Inc. lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 20.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,832 shares of the basic materials company’s stock after buying an additional 2,513 shares during the period. Great Valley Advisor Group Inc.’s holdings in Air Products and Chemicals were worth $3,827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of APD. Cape Investment Advisory Inc. increased its stake in shares of Air Products and Chemicals by 1.0% in 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. Stokes Family Office LLC lifted its position in shares of Air Products and Chemicals by 3.4% during the 2nd quarter. Stokes Family Office LLC now owns 1,213 shares of the basic materials company’s stock valued at $313,000 after acquiring an additional 40 shares during the period. Cypress Wealth Services LLC boosted its stake in Air Products and Chemicals by 2.3% during the second quarter. Cypress Wealth Services LLC now owns 1,846 shares of the basic materials company’s stock worth $476,000 after acquiring an additional 42 shares in the last quarter. Mycio Wealth Partners LLC grew its holdings in Air Products and Chemicals by 0.6% in the fourth quarter. Mycio Wealth Partners LLC now owns 7,044 shares of the basic materials company’s stock worth $1,929,000 after purchasing an additional 44 shares during the period. Finally, Wetzel Investment Advisors Inc. boosted its holdings in Air Products and Chemicals by 4.2% in the first quarter. Wetzel Investment Advisors Inc. now owns 1,104 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock traded down $2.53 during midday trading on Wednesday, reaching $274.02. 200,086 shares of the company traded hands, compared to its average volume of 1,726,834. The business has a 50 day moving average of $267.49 and a two-hundred day moving average of $250.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.31. The firm has a market capitalization of $60.92 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 3.17 and a beta of 0.81. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be given a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.58%. Air Products and Chemicals’s dividend payout ratio is presently 63.90%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Mizuho dropped their price target on Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. UBS Group increased their target price on shares of Air Products and Chemicals from $257.00 to $268.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. BMO Capital Markets lifted their price target on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Bank of America lifted their price objective on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $296.53.

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.