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

Radnor Capital Management LLC trimmed its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 16.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,899 shares of the basic materials company's stock after selling 1,175 shares during the period. Radnor Capital Management LLC's holdings in Air Products and Chemicals were worth $1,711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC grew its holdings in Air Products and Chemicals by 29,954.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company's stock worth $861,722,000 after buying an additional 2,884,581 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Air Products and Chemicals by 127.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company's stock worth $720,597,000 after acquiring an additional 1,564,169 shares during the period. ING Groep NV boosted its position in Air Products and Chemicals by 240.7% during the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company's stock worth $304,717,000 after acquiring an additional 723,019 shares during the period. Mizuho Markets Americas LLC grew its stake in shares of Air Products and Chemicals by 318.7% in the third quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company's stock worth $282,473,000 after purchasing an additional 722,132 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Air Products and Chemicals by 1,685.4% during the third quarter. Van ECK Associates Corp now owns 764,489 shares of the basic materials company's stock valued at $249,698,000 after purchasing an additional 721,671 shares during the period. Institutional investors own 81.66% of the company's stock.

Wall Street Analyst Weigh In

APD has been the subject of a number of research analyst reports. Mizuho upped their price target 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. StockNews.com upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Monday, September 23rd. Barclays boosted their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. UBS Group upgraded Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $375.00 price objective for the company in a report on Monday, November 18th. Finally, Redburn Atlantic raised Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 target price on the stock in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and a consensus target price of $332.71.

Air Products and Chemicals Price Performance

NYSE APD opened at $307.83 on Wednesday. The stock has a market capitalization of $68.46 billion, a PE ratio of 17.92, a P/E/G 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. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be paid a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. Air Products and Chemicals's payout ratio is 41.21%.

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.

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