CFS Investment Advisory Services LLC Acquires New Stake in Air Products and Chemicals, Inc. (NYSE:APD)

CFS Investment Advisory Services LLC bought a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 5,785 shares of the basic materials company's stock, valued at approximately $1,722,000.

Several other large investors have also recently made changes to their positions in the company. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of Air Products and Chemicals by 0.3% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company's stock valued at $3,452,000 after purchasing an additional 34 shares during the period. CX Institutional lifted its stake in shares of Air Products and Chemicals by 2.6% in the 3rd quarter. CX Institutional now owns 1,343 shares of the basic materials company's stock valued at $400,000 after purchasing an additional 34 shares during the period. Bank of Stockton lifted its stake in shares of Air Products and Chemicals by 1.9% in the 3rd quarter. Bank of Stockton now owns 1,813 shares of the basic materials company's stock valued at $540,000 after purchasing an additional 34 shares during the period. Cape Investment Advisory Inc. increased its holdings in Air Products and Chemicals by 1.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company's stock worth $906,000 after acquiring an additional 37 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Air Products and Chemicals by 22.3% during the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company's stock worth $60,000 after acquiring an additional 37 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 0.9 %

NYSE:APD traded up $2.95 on Friday, reaching $331.83. The company's stock had a trading volume of 2,199,225 shares, compared to its average volume of 1,617,077. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $332.69. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The firm has a market cap of $73.77 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. The stock has a 50 day moving average price of $309.67 and a 200 day moving average price of $282.08.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.13%. Air Products and Chemicals's dividend payout ratio is currently 41.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on APD shares. Vertical Research raised shares of Air Products and Chemicals from a "hold" rating to a "buy" rating and set a $336.00 target price for the company in a research note on Monday, October 7th. Jefferies Financial Group upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. StockNews.com raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Monday, September 23rd. Citigroup increased their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, BMO Capital Markets lifted 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. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of "Moderate Buy" and a consensus 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.