Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Armstrong Henry H Associates Inc.

Armstrong Henry H Associates Inc. increased its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,944 shares of the basic materials company's stock after purchasing an additional 6,475 shares during the quarter. Air Products and Chemicals makes up about 1.8% of Armstrong Henry H Associates Inc.'s portfolio, making the stock its 7th biggest position. Armstrong Henry H Associates Inc.'s holdings in Air Products and Chemicals were worth $18,256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of APD. Truvestments Capital LLC purchased a new position in Air Products and Chemicals during the third quarter valued at approximately $25,000. 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 valued at $35,000 after acquiring an additional 55 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Air Products and Chemicals in the 2nd quarter worth $32,000. Fortitude Family Office LLC lifted its stake in shares of Air Products and Chemicals by 58.8% during the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company's stock worth $39,000 after purchasing an additional 50 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Air Products and Chemicals during the third quarter valued at about $42,000. 81.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

APD has been the subject of a number of recent research reports. Barclays boosted their target price 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. BMO Capital Markets boosted their price objective 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. UBS Group upgraded shares of Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $375.00 target price for the company in a research note on Monday, November 18th. Evercore ISI raised Air Products and Chemicals from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating for the company in a research report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Air Products and Chemicals has a consensus rating of "Moderate Buy" and a consensus target price of $332.71.

Air Products and Chemicals Stock Performance

NYSE APD traded up $6.09 on Tuesday, hitting $307.83. 1,949,234 shares of the company's stock traded hands, compared to its average volume of 1,615,379. The firm's 50-day moving average price is $309.35 and its two-hundred day moving average price is $293.39. The firm 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 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 $337.00.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a dividend of $1.77 per share. 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 2.30%. Air Products and Chemicals's dividend payout ratio is presently 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.