Air Products and Chemicals, Inc. (NYSE:APD) Stock Position Reduced by Compass Wealth Management LLC

Compass Wealth Management LLC decreased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,519 shares of the basic materials company’s stock after selling 420 shares during the quarter. Air Products and Chemicals makes up about 2.1% of Compass Wealth Management LLC’s holdings, making the stock its 4th biggest position. Compass Wealth Management LLC’s holdings in Air Products and Chemicals were worth $8,562,000 as of its most recent filing with the Securities & Exchange Commission.

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

Air Products and Chemicals Stock Up 1.6 %

NYSE APD opened at $329.29 on Friday. The stock has a market capitalization of $73.23 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The stock has a fifty day moving average of $310.14 and a 200-day moving average of $296.47.

Air Products and Chemicals Increases Dividend

The company also recently disclosed 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. This represents a $7.16 dividend on an annualized basis and a yield of 2.17%. This is a positive change 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 (DPR) is presently 41.21%.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of recent analyst reports. UBS Group raised shares of 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 report on Monday, November 18th. JPMorgan Chase & Co. cut their target price on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Citigroup upped their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Finally, Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $335.65.

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.