Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Hall Laurie J Trustee

Hall Laurie J Trustee cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,025 shares of the basic materials company’s stock after selling 300 shares during the period. Hall Laurie J Trustee’s holdings in Air Products and Chemicals were worth $2,617,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in Air Products and Chemicals in the 3rd quarter valued at approximately $25,000. Iron Horse Wealth Management LLC boosted its position in shares of 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 buying an additional 55 shares during the period. Fortitude Family Office LLC grew its stake in shares of Air Products and Chemicals by 58.8% in the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after buying an additional 50 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at $42,000. Finally, Reston Wealth Management LLC acquired a new position in Air Products and Chemicals during the 3rd quarter worth about $47,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Up 1.6 %

Shares of NYSE:APD opened at $317.11 on Monday. The firm has a 50 day simple moving average of $309.42 and a 200-day simple moving average of $294.40. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $70.52 billion, a PE ratio of 18.46, a P/E/G ratio of 2.88 and a beta of 0.84.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.23%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

Analysts Set New Price Targets

APD has been the subject of several research reports. Barclays lifted their target price on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. BMO Capital Markets lifted their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Mizuho increased their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price target for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $332.71.

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.