Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC decreased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,299 shares of the basic materials company’s stock after selling 1,990 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $4,147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of APD. Drive Wealth Management LLC raised its stake in Air Products and Chemicals by 11.5% in the 4th quarter. Drive Wealth Management LLC now owns 773 shares of the basic materials company’s stock valued at $224,000 after purchasing an additional 80 shares during the last quarter. Stablepoint Partners LLC grew its position in Air Products and Chemicals by 3.9% in the fourth quarter. Stablepoint Partners LLC now owns 5,277 shares of the basic materials company’s stock worth $1,531,000 after acquiring an additional 197 shares during the period. Archford Capital Strategies LLC grew its holdings in shares of Air Products and Chemicals by 1.3% during the 4th quarter. Archford Capital Strategies LLC now owns 6,835 shares of the basic materials company’s stock worth $1,982,000 after purchasing an additional 91 shares during the period. Precedent Wealth Partners LLC increased its position in shares of Air Products and Chemicals by 5.5% during the 4th quarter. Precedent Wealth Partners LLC now owns 3,032 shares of the basic materials company’s stock worth $879,000 after purchasing an additional 159 shares during the last quarter. Finally, Smith Chas P & Associates PA Cpas lifted its position in Air Products and Chemicals by 1.5% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 128,143 shares of the basic materials company’s stock valued at $37,167,000 after buying an additional 1,902 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on APD shares. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $330.00 to $350.00 in a research report on Tuesday, January 14th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a research report on Monday, October 7th. BMO Capital Markets raised their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. cut their price objective 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. Finally, Citigroup lifted their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $335.65.

Air Products and Chemicals Trading Up 1.6 %

NYSE APD opened at $329.29 on Monday. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $337.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The company has a market capitalization of $73.23 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. The firm’s fifty day moving average price is $310.14 and its 200 day moving average price is $296.77.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be issued a $1.79 dividend. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio is presently 41.21%.

About Air Products and Chemicals

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.