2,345 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Acquired by Flywheel Private Wealth LLC

Flywheel Private Wealth LLC bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,345 shares of the basic materials company's stock, valued at approximately $680,000. Air Products and Chemicals comprises approximately 0.6% of Flywheel Private Wealth LLC's investment portfolio, making the stock its 28th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the business. American Century Companies Inc. grew its stake in Air Products and Chemicals by 2.5% in the second quarter. American Century Companies Inc. now owns 41,220 shares of the basic materials company's stock valued at $10,637,000 after purchasing an additional 999 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Air Products and Chemicals by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,181,985 shares of the basic materials company's stock worth $305,094,000 after purchasing an additional 84,176 shares during the period. Stock Yards Bank & Trust Co. lifted its holdings in shares of Air Products and Chemicals by 2.5% during the second quarter. Stock Yards Bank & Trust Co. now owns 9,801 shares of the basic materials company's stock worth $2,529,000 after purchasing an additional 240 shares during the period. Axxcess Wealth Management LLC lifted its holdings in shares of Air Products and Chemicals by 93.6% during the second quarter. Axxcess Wealth Management LLC now owns 2,764 shares of the basic materials company's stock worth $713,000 after purchasing an additional 1,336 shares during the period. Finally, Argent Trust Co lifted its holdings in Air Products and Chemicals by 7.2% in the second quarter. Argent Trust Co now owns 13,971 shares of the basic materials company's stock valued at $3,605,000 after acquiring an additional 942 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on APD shares. Evercore ISI raised Air Products and Chemicals from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. UBS Group upgraded Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $375.00 target price for the company in a report on Monday, November 18th. JPMorgan Chase & Co. dropped their target price on Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Vertical Research upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating and set a $336.00 price target for the company in a report on Monday, October 7th. Finally, Jefferies Financial Group upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating and increased their price target for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and a consensus target price of $332.71.

Air Products and Chemicals Stock Up 1.7 %

APD stock traded up $5.11 during mid-day trading on Thursday, reaching $312.01. The company had a trading volume of 1,237,477 shares, compared to its average volume of 1,637,268. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The company has a market capitalization of $69.39 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 2.88 and a beta of 0.84. The firm has a fifty day simple moving average of $309.36 and a 200 day simple moving average of $293.48. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.27%. Air Products and Chemicals's 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.