Wilmington Savings Fund Society FSB Buys 15,791 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Wilmington Savings Fund Society FSB grew its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 286.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,299 shares of the basic materials company's stock after purchasing an additional 15,791 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Air Products and Chemicals were worth $6,342,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at about $25,000. Iron Horse Wealth Management LLC grew its position in Air Products and Chemicals by 88.7% in 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. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals in the second quarter worth approximately $32,000. Prospera Private Wealth LLC acquired a new position in Air Products and Chemicals in the 3rd quarter worth approximately $42,000. Finally, Trifecta Capital Advisors LLC boosted its stake in Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company's stock worth $37,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on APD. Redburn Atlantic raised shares of Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 target price for the company in a research note on Friday, October 25th. UBS Group raised shares of Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $375.00 target price on the stock in a research note on Monday, November 18th. Evercore ISI raised shares of Air Products and Chemicals from an "in-line" rating to an "outperform" rating and raised their price target for the company from $305.00 to $365.00 in a report on Monday, October 7th. Barclays upped their price target on Air Products and Chemicals from $295.00 to $315.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Finally, Mizuho upped 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. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $331.53.

Air Products and Chemicals Price Performance

NYSE:APD traded down $0.94 during trading hours on Friday, hitting $309.95. The company's stock had a trading volume of 337,692 shares, compared to its average volume of 1,590,383. The stock has a fifty day simple moving average of $320.02 and a 200-day simple moving average of $289.41. The company has a market capitalization of $68.93 billion, a P/E ratio of 18.09, a PEG ratio of 3.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. Air Products and Chemicals's 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.