Air Products and Chemicals, Inc. (NYSE:APD) Stock Holdings Lowered by Nordea Investment Management AB

Nordea Investment Management AB cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 73.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 127,342 shares of the basic materials company’s stock after selling 359,251 shares during the quarter. Nordea Investment Management AB owned about 0.06% of Air Products and Chemicals worth $36,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Air Products and Chemicals in the 3rd quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the second quarter valued at about $32,000. Iron Horse Wealth Management LLC lifted its stake in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 55 shares during the period. Trifecta Capital Advisors LLC lifted its position in Air Products and Chemicals by 1,700.0% in the second 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. Finally, Prospera Private Wealth LLC bought a new position in Air Products and Chemicals during the 3rd quarter valued at $42,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

Shares of APD opened at $286.66 on Wednesday. The firm has a market cap of $63.75 billion, a PE ratio of 16.69, a PEG ratio of 3.13 and a beta of 0.84. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00. The firm’s 50 day moving average price is $310.79 and its 200 day moving average price is $292.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

Air Products and Chemicals Announces Dividend

The business 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 dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio is 41.21%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on APD shares. Citigroup upped their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday, November 11th. Barclays lifted their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price objective for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Finally, Wells Fargo & Company boosted their price objective on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $331.53.

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.