Bartlett & CO. Wealth Management LLC Sells 1,788 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Bartlett & CO. Wealth Management LLC decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 27.0% in the 4th quarter, Holdings Channel reports. The firm owned 4,841 shares of the basic materials company’s stock after selling 1,788 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Air Products and Chemicals were worth $1,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in Air Products and Chemicals during the third quarter worth $25,000. Iron Horse Wealth Management LLC raised its position in shares of 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 acquiring an additional 55 shares in the last quarter. Fortitude Family Office LLC lifted its stake in shares of 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 valued at $39,000 after purchasing an additional 50 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at about $42,000. Finally, Reston Wealth Management LLC acquired a new stake in Air Products and Chemicals during the third quarter worth approximately $47,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

APD opened at $323.65 on Friday. The firm’s fifty day moving average price is $309.74 and its two-hundred day moving average price is $295.76. The company has a market capitalization of $71.97 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 3.18 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 1 year low of $212.24 and a 1 year high of $337.00.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 2.21%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio is presently 41.21%.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target 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. 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 report on Monday, October 7th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $305.00 to $365.00 in a report on Monday, October 7th. Mizuho increased 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 report on Wednesday, October 9th. Finally, UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $332.71.

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.