Thurston Springer Miller Herd & Titak Inc. Has $2.53 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 39.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,705 shares of the basic materials company's stock after acquiring an additional 2,454 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Air Products and Chemicals were worth $2,525,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in shares of Air Products and Chemicals during the third quarter worth $25,000. Iron Horse Wealth Management LLC raised its stake in Air Products and Chemicals by 88.7% during the 3rd 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 lifted its holdings in 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 worth $39,000 after acquiring an additional 50 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Air Products and Chemicals in the third quarter valued at about $42,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Air Products and Chemicals in the third quarter worth about $47,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Stock Performance

APD stock traded down $0.89 during trading hours on Wednesday, reaching $307.07. The stock had a trading volume of 2,211,993 shares, compared to its average volume of 1,681,687. The stock has a market capitalization of $68.29 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. The stock has a 50-day simple moving average of $309.35 and a 200 day simple moving average of $293.39. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals's payout ratio is currently 41.21%.

Analyst Ratings Changes

Several research firms have recently weighed in on APD. UBS Group upgraded Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $375.00 price objective on the stock in a report on Monday, November 18th. StockNews.com raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Monday, September 23rd. Evercore ISI raised shares of Air Products and Chemicals from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Barclays raised their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Finally, BMO Capital Markets upped their target price on shares of 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. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $332.71.

About Air Products and Chemicals

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.