Daymark Wealth Partners LLC Acquires 128 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Daymark Wealth Partners LLC lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,253 shares of the basic materials company’s stock after purchasing an additional 128 shares during the period. Daymark Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $654,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals during the third quarter valued at $25,000. Iron Horse Wealth Management LLC boosted its holdings in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares during the last quarter. Fortitude Family Office LLC increased 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 acquiring an additional 50 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in Air Products and Chemicals in the third quarter worth $42,000. Finally, Reston Wealth Management LLC acquired a new stake in Air Products and Chemicals during the 3rd quarter worth $47,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 2.1 %

NYSE APD opened at $323.65 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The company has a market cap of $71.97 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 3.18 and a beta of 0.84. The company has a 50 day moving average of $309.74 and a 200-day moving average of $295.76. 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 business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a $1.79 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on APD. Barclays upped their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a research note on Monday, November 18th. BMO Capital Markets lifted their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Citigroup upped 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 research report on Monday, November 11th. Finally, JPMorgan Chase & Co. lowered their price target on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $332.71.

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.