Kestra Investment Management LLC Buys Shares of 3,331 Air Products and Chemicals, Inc. (NYSE:APD)

Kestra Investment Management LLC bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,331 shares of the basic materials company's stock, valued at approximately $992,000.

Other institutional investors also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Air Products and Chemicals by 4.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company's stock worth $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 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company's stock worth $861,722,000 after purchasing an additional 2,884,581 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Air Products and Chemicals by 127.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company's stock worth $720,597,000 after purchasing an additional 1,564,169 shares during the period. Raymond James & Associates increased its holdings in shares of Air Products and Chemicals by 1.7% during the 3rd 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, Bank of New York Mellon Corp increased its holdings in shares of Air Products and Chemicals by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,034,818 shares of the basic materials company's stock worth $525,085,000 after purchasing an additional 5,140 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Jefferies Financial Group upgraded shares of 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 report on Monday, October 7th. UBS Group upgraded shares of Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $375.00 price objective on the stock in a report on Monday, November 18th. Wells Fargo & Company upped their target price on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. Finally, Redburn Atlantic raised shares of Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 target price on the stock in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals has a consensus rating of "Moderate Buy" and a consensus target price of $331.53.

Air Products and Chemicals Trading Down 0.1 %

NYSE APD traded down $0.17 during trading hours on Monday, hitting $334.16. The company's stock had a trading volume of 229,039 shares, compared to its average volume of 1,611,156. The stock has a fifty day moving average of $315.16 and a 200 day moving average of $286.11. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $336.42. The firm has a market capitalization of $74.31 billion, a P/E ratio of 19.46, a PEG ratio of 3.35 and a beta of 0.81. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors 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 annualized dividend and a yield of 2.12%. Air Products and Chemicals's dividend payout ratio is currently 41.21%.

Air Products and Chemicals 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.