DB Fitzpatrick & Co Inc Sells 1,514 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

DB Fitzpatrick & Co Inc lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 26.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,294 shares of the basic materials company's stock after selling 1,514 shares during the quarter. Air Products and Chemicals comprises 1.1% of DB Fitzpatrick & Co Inc's investment portfolio, making the stock its 28th biggest holding. DB Fitzpatrick & Co Inc's holdings in Air Products and Chemicals were worth $1,245,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Air Products and Chemicals by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company's stock valued at $1,448,570,000 after buying an additional 88,806 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Air Products and Chemicals by 4.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company's stock valued at $790,371,000 after acquiring an additional 122,676 shares during the period. Pathway Financial Advisers LLC increased its holdings in shares of Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company's stock valued at $861,722,000 after acquiring an additional 2,884,581 shares in the last quarter. Raymond James & Associates raised its position in shares of Air Products and Chemicals by 1.7% during the third quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company's stock worth $608,312,000 after purchasing an additional 33,313 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of Air Products and Chemicals by 25.2% in the 2nd quarter. Clearbridge Investments LLC now owns 1,936,582 shares of the basic materials company's stock worth $499,735,000 after purchasing an additional 389,380 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on APD shares. JPMorgan Chase & Co. lowered their price objective on shares of Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. StockNews.com raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Monday, September 23rd. Redburn Atlantic upgraded Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 price target for the company in a research note on Friday, October 25th. Vertical Research upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating and set a $336.00 target price on the stock in a report on Monday, October 7th. Finally, Evercore ISI upgraded 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 report on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $332.71.

Air Products and Chemicals Stock Performance

Shares of APD traded up $5.05 during mid-day trading on Friday, hitting $317.11. The stock had a trading volume of 2,315,359 shares, compared to its average volume of 855,050. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The business has a fifty day moving average price of $309.42 and a 200-day moving average price of $294.40. The firm has a market cap of $70.52 billion, a P/E ratio of 18.46, a PEG ratio of 2.88 and a beta of 0.84.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals's dividend payout ratio is currently 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.