Fiduciary Financial Group LLC Reduces Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Fiduciary Financial Group LLC reduced its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 22.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 981 shares of the basic materials company’s stock after selling 282 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Air Products and Chemicals were worth $288,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Truvestments Capital LLC purchased a new stake in Air Products and Chemicals in the 3rd quarter worth approximately $25,000. Iron Horse Wealth Management LLC lifted its stake in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares in the last quarter. Fortitude Family Office LLC lifted its stake in Air Products and Chemicals by 58.8% in the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 50 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in Air Products and Chemicals in the 3rd quarter worth approximately $42,000. Finally, Reston Wealth Management LLC purchased a new stake in Air Products and Chemicals in the 3rd quarter worth approximately $47,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup increased their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Barclays increased their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a report on Monday, October 7th. 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. Finally, Wells Fargo & Company raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $330.00 to $350.00 in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus price target of $332.71.

Air Products and Chemicals Trading Down 0.3 %

Shares of NYSE APD opened at $307.07 on Thursday. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $337.00. The stock has a market cap of $68.29 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. The firm has a 50-day moving average of $309.35 and a 200 day moving average of $293.39. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

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.