Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Stratos Investment Management LLC

Stratos Investment Management LLC lessened its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 870 shares of the basic materials company’s stock after selling 80 shares during the quarter. Stratos Investment Management LLC’s holdings in Air Products and Chemicals were worth $253,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals during the third quarter valued at approximately $25,000. Raleigh Capital Management Inc. grew its position in 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 worth $30,000 after buying an additional 43 shares during the last quarter. Financial Life Planners acquired a new position in Air Products and Chemicals in the fourth quarter worth approximately $31,000. Iron Horse Wealth Management LLC grew 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 buying an additional 55 shares during the last quarter. Finally, Newton One Investments LLC acquired a new position in Air Products and Chemicals in the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.7 %

APD stock opened at $333.45 on Thursday. 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 $341.14. The company has a fifty day simple moving average of $310.40 and a 200 day simple moving average of $300.43. The firm has a market cap of $74.15 billion, a PE ratio of 19.41, a PEG ratio of 3.55 and a beta of 0.85.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed 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 represents a $7.16 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Tuesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s payout ratio is presently 41.21%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. 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 target on the stock in a research report on Friday, January 31st. BMO Capital Markets lifted their price target on shares of 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. 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. Mizuho lifted their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Finally, Bank of America cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective on the stock. in a research report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $340.50.

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.