Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Mather Group LLC.

Mather Group LLC. trimmed its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,876 shares of the basic materials company’s stock after selling 4,785 shares during the period. Mather Group LLC.’s holdings in Air Products and Chemicals were worth $13,886,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in Air Products and Chemicals in the 3rd quarter valued at about $25,000. Raleigh Capital Management Inc. lifted its stake in shares of Air Products and Chemicals by 69.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 43 shares during the period. Financial Life Planners acquired a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $31,000. Iron Horse Wealth Management LLC raised 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 purchasing an additional 55 shares in the last quarter. Finally, Newton One Investments LLC acquired a new stake in Air Products and Chemicals in the fourth quarter worth approximately $38,000. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target 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. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $330.00 to $350.00 in a research report on Tuesday, January 14th. Barclays upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $315.00 to $365.00 in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of 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 research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $340.50.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $338.90 on Tuesday. The business has a fifty day simple moving average of $310.29 and a 200 day simple moving average of $299.41. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $339.10. The firm has a market cap of $75.37 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 3.55 and a beta of 0.85.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors 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 dividend yield of 2.11%. 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.