Gateway Investment Advisers LLC decreased its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 34.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,170 shares of the basic materials company's stock after selling 1,657 shares during the quarter. Gateway Investment Advisers LLC's holdings in Air Products and Chemicals were worth $919,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Air Products and Chemicals by 59.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company's stock valued at $111,488,000 after buying an additional 139,223 shares during the last quarter. Forsta AP Fonden boosted its position in shares of Air Products and Chemicals by 13.4% in the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company's stock valued at $13,607,000 after acquiring an additional 5,400 shares during the period. Jensen Investment Management Inc. grew its stake in shares of Air Products and Chemicals by 65.0% in the third quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company's stock worth $3,921,000 after acquiring an additional 5,190 shares during the last quarter. World Investment Advisors LLC increased its position in Air Products and Chemicals by 1,205.1% during the third quarter. World Investment Advisors LLC now owns 38,423 shares of the basic materials company's stock worth $11,440,000 after acquiring an additional 35,479 shares during the period. Finally, Townsquare Capital LLC raised its stake in Air Products and Chemicals by 3.9% during the 3rd quarter. Townsquare Capital LLC now owns 44,661 shares of the basic materials company's stock valued at $13,297,000 after purchasing an additional 1,662 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.
Air Products and Chemicals Price Performance
APD stock traded up $5.05 during midday trading on Friday, reaching $317.11. 2,315,359 shares of the company's stock traded hands, compared to its average volume of 855,050. The company has a 50-day simple moving average of $309.42 and a two-hundred day simple moving average of $294.40. The company has a quick ratio of 1.34, a current ratio of 1.52 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. The company has a market cap of $70.52 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.88 and a beta of 0.84.
Air Products and Chemicals Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be paid 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 2.23%. Air Products and Chemicals's dividend payout ratio (DPR) is presently 41.21%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on APD shares. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $330.00 to $350.00 in a report on Tuesday, January 14th. UBS Group upgraded Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $375.00 price target on the stock in a research note on Monday, November 18th. BMO Capital Markets raised their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Mizuho boosted their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the company an "outperform" rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $332.71.
View Our Latest Research Report on Air Products and Chemicals
About Air Products and Chemicals
(
Free Report)
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.
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