USA Financial Formulas Takes $913,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

USA Financial Formulas bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,148 shares of the basic materials company's stock, valued at approximately $913,000.

Other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in Air Products and Chemicals during the third quarter worth about $25,000. Iron Horse Wealth Management LLC grew its stake in shares of Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company's stock worth $35,000 after buying an additional 55 shares during the last quarter. Fortitude Family Office LLC grew its position in Air Products and Chemicals by 58.8% during the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company's stock worth $39,000 after acquiring an additional 50 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in Air Products and Chemicals during the 3rd quarter worth approximately $42,000. Finally, Reston Wealth Management LLC acquired a new position in Air Products and Chemicals in the 3rd quarter valued at approximately $47,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $307.07 on Thursday. The stock's 50 day moving average is $309.35 and its 200-day moving average is $293.39. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00. 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 capitalization of $68.29 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 3.13 and a beta of 0.84.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders 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 dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals's dividend payout ratio (DPR) is 41.21%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Mizuho increased their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the company an "outperform" rating in a research note on Wednesday, October 9th. Wells Fargo & Company upgraded Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $330.00 to $350.00 in a research report on Tuesday. StockNews.com upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Monday, September 23rd. Finally, Vertical Research upgraded shares of 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. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $332.71.

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.

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