Childress Capital Advisors LLC Decreases Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Childress Capital Advisors LLC cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 705 shares of the basic materials company’s stock after selling 58 shares during the quarter. Childress Capital Advisors LLC’s holdings in Air Products and Chemicals were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Truvestments Capital LLC purchased a new stake in shares of Air Products and Chemicals during the third quarter valued at approximately $25,000. Raleigh Capital Management Inc. boosted its position in Air Products and Chemicals by 69.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 43 shares during the period. Financial Life Planners bought a new stake in Air Products and Chemicals in the 4th quarter worth $31,000. Iron Horse Wealth Management LLC increased its position in shares of 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 valued at $35,000 after acquiring an additional 55 shares during the period. Finally, Fortitude Family Office LLC raised its stake in shares of Air Products and Chemicals by 58.8% during the fourth 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. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on APD shares. BMO Capital Markets raised their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. reduced their target price on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. 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 report on Friday, October 25th. Citigroup lifted their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Sanford C. Bernstein upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price objective for the company in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $340.50.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $335.45 on Wednesday. The company has a market capitalization of $74.60 billion, a PE ratio of 19.53, a PEG ratio of 3.55 and a beta of 0.85. The business has a fifty day moving average price of $310.39 and a 200-day moving average price of $299.92. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $341.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, April 1st. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

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.