Hixon Zuercher LLC Has $2.29 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Hixon Zuercher LLC lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,887 shares of the basic materials company’s stock after selling 57 shares during the period. Hixon Zuercher LLC’s holdings in Air Products and Chemicals were worth $2,288,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in APD. Truvestments Capital LLC acquired a new stake in Air Products and Chemicals in the 3rd quarter worth $25,000. Raleigh Capital Management Inc. raised its stake in shares of Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 43 shares in the last quarter. Iron Horse Wealth Management LLC lifted its position in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the period. Fortitude Family Office LLC boosted its position in shares of Air Products and Chemicals by 58.8% during 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 in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Air Products and Chemicals in the third quarter valued at about $42,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on APD. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a research report on Friday, October 25th. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $330.00 to $350.00 in a research report on Tuesday, January 14th. Citigroup increased their price target on 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. Bank of America downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective for the company. in a research report on Monday. Finally, Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $338.47.

Air Products and Chemicals Stock Up 2.4 %

Air Products and Chemicals stock opened at $335.10 on Friday. The company has a 50 day moving average of $310.09 and a 200-day moving average of $298.21. The stock has a market capitalization of $74.52 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be paid a $1.79 dividend. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 annualized dividend and a yield of 2.14%. Air Products and Chemicals’s payout ratio is presently 41.21%.

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.