1,023 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Bought by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,023 shares of the basic materials company’s stock, valued at approximately $297,000.

Several other hedge funds have also recently bought and sold shares of APD. Pathway Financial Advisers LLC raised its position in Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after purchasing an additional 2,884,581 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Air Products and Chemicals by 127.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock worth $720,597,000 after acquiring an additional 1,564,169 shares in the last quarter. ING Groep NV boosted its stake in shares of Air Products and Chemicals by 240.7% in the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock valued at $304,717,000 after purchasing an additional 723,019 shares in the last quarter. Mizuho Markets Americas LLC increased its position in Air Products and Chemicals by 318.7% during the 3rd quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company’s stock worth $282,473,000 after purchasing an additional 722,132 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Air Products and Chemicals by 1,685.4% in the third quarter. Van ECK Associates Corp now owns 764,489 shares of the basic materials company’s stock valued at $249,698,000 after buying an additional 721,671 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Up 3.0 %

Shares of APD stock traded up $8.79 during trading hours on Monday, reaching $301.87. The company had a trading volume of 2,283,953 shares, compared to its average volume of 1,566,076. The company has a market cap of $67.13 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $337.00. The business has a fifty day simple moving average of $309.41 and a 200-day simple moving average of $292.76.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is currently 41.21%.

Analyst Ratings Changes

Several research firms have commented on APD. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their target price for the company from $305.00 to $365.00 in a research report on Monday, October 7th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a research report on Monday, October 7th. Mizuho increased their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. BMO Capital Markets lifted their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price objective for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $331.53.

Air Products and Chemicals 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.