Raymond James Trust N.A. Raises Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Raymond James Trust N.A. raised its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,378 shares of the basic materials company's stock after acquiring an additional 2,211 shares during the period. Raymond James Trust N.A.'s holdings in Air Products and Chemicals were worth $15,595,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Meeder Asset Management Inc. bought a new stake in Air Products and Chemicals in the second quarter worth $32,000. Iron Horse Wealth Management LLC increased its holdings in shares of Air Products and Chemicals by 88.7% in 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 last quarter. Trifecta Capital Advisors LLC raised its position in shares of Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company's stock valued at $37,000 after buying an additional 136 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Air Products and Chemicals in the third quarter worth about $42,000. Finally, Beacon Capital Management LLC increased its stake in Air Products and Chemicals by 128.8% during the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company's stock worth $44,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Up 0.9 %

Air Products and Chemicals stock traded up $2.95 during trading hours on Friday, reaching $331.83. The stock had a trading volume of 2,200,081 shares, compared to its average volume of 1,616,497. The company has a market cap of $73.77 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 3.29 and a beta of 0.81. The business's 50 day moving average price is $309.67 and its 200-day moving average price is $282.08. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.69. 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 company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.13%. Air Products and Chemicals's dividend payout ratio (DPR) is 41.21%.

Analysts Set New Price Targets

APD has been the subject of a number of recent research reports. 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. Vertical Research upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating and set a $336.00 price objective on the stock in a research report on Monday, October 7th. JPMorgan Chase & Co. dropped their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating for the company in a research note on Friday, November 8th. Mizuho raised 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 note on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their target price on Air Products and Chemicals from $291.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, August 5th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $331.53.

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.