Air Products and Chemicals, Inc. (NYSE:APD) Position Trimmed by Woodstock Corp

Woodstock Corp lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,810 shares of the basic materials company’s stock after selling 166 shares during the period. Air Products and Chemicals makes up about 1.1% of Woodstock Corp’s investment portfolio, making the stock its 28th largest holding. Woodstock Corp’s holdings in Air Products and Chemicals were worth $11,256,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of APD. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in Air Products and Chemicals by 0.3% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock worth $3,452,000 after purchasing an additional 34 shares in the last quarter. CX Institutional grew its holdings in shares of Air Products and Chemicals by 2.6% during the third quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock valued at $400,000 after buying an additional 34 shares in the last quarter. Bank of Stockton raised its position in Air Products and Chemicals by 1.9% during the third quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock valued at $540,000 after buying an additional 34 shares during the period. Exchange Traded Concepts LLC lifted its stake in Air Products and Chemicals by 22.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 37 shares in the last quarter. Finally, Chesapeake Wealth Management boosted its position in Air Products and Chemicals by 1.7% during the 3rd quarter. Chesapeake Wealth Management now owns 2,189 shares of the basic materials company’s stock worth $652,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on APD shares. JPMorgan Chase & Co. dropped their target price on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research note on Monday, October 7th. Mizuho boosted their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Barclays increased their price objective on 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. Finally, BMO Capital Markets boosted their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average target price of $332.71.

Air Products and Chemicals Trading Up 1.7 %

NYSE:APD opened at $312.01 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $309.36 and its 200-day moving average is $293.48. The firm has a market cap of $69.39 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 2.88 and a beta of 0.84. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month 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. Shareholders 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 yield of 2.27%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio is 41.21%.

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.