Baader Bank Aktiengesellschaft Trims Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Baader Bank Aktiengesellschaft trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 11.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,229 shares of the basic materials company's stock after selling 1,292 shares during the period. Baader Bank Aktiengesellschaft's holdings in Air Products and Chemicals were worth $2,966,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in shares of Air Products and Chemicals in the 3rd quarter worth $25,000. Raleigh Capital Management Inc. lifted its stake in Air Products and Chemicals by 69.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 43 shares in the last quarter. Iron Horse Wealth Management LLC increased its position in shares of 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 valued at $35,000 after purchasing an additional 55 shares during the last quarter. Fortitude Family Office LLC increased its position 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 valued at $39,000 after purchasing an additional 50 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at $42,000. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on APD shares. Wells Fargo & Company raised Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $330.00 to $350.00 in a report on Tuesday, January 14th. UBS Group lifted their price target on Air Products and Chemicals from $375.00 to $385.00 and gave the company a "buy" rating in a research report on Tuesday. 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 research report on Friday, October 25th. Citigroup lifted their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Vertical Research raised Air Products and Chemicals from a "hold" rating to a "buy" rating and set a $336.00 target price on the stock in a research note on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $338.47.

Air Products and Chemicals Stock Up 2.1 %

Air Products and Chemicals stock traded up $6.77 during mid-day trading on Thursday, hitting $334.08. The company had a trading volume of 664,778 shares, compared to its average volume of 1,721,178. 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 stock's 50 day moving average price is $310.09 and its two-hundred day moving average price is $298.21. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $337.00. The company has a market capitalization of $74.29 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. This is an increase from Air Products and Chemicals's previous quarterly dividend of $1.77. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals's dividend payout ratio is presently 41.21%.

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.