Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Wedmont Private Capital

Wedmont Private Capital raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 12.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,694 shares of the basic materials company’s stock after acquiring an additional 191 shares during the quarter. Wedmont Private Capital’s holdings in Air Products and Chemicals were worth $497,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Agate Pass Investment Management LLC boosted its holdings in shares of Air Products and Chemicals by 1.2% during the 4th quarter. Agate Pass Investment Management LLC now owns 6,984 shares of the basic materials company’s stock worth $2,026,000 after purchasing an additional 82 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $1,943,000. Trust Co. of Toledo NA OH boosted its holdings in shares of Air Products and Chemicals by 6.8% during the 4th quarter. Trust Co. of Toledo NA OH now owns 9,568 shares of the basic materials company’s stock worth $2,775,000 after purchasing an additional 607 shares during the last quarter. Clark & Stuart Inc acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $4,146,000. Finally, Czech National Bank boosted its holdings in shares of Air Products and Chemicals by 6.4% during the 4th quarter. Czech National Bank now owns 48,203 shares of the basic materials company’s stock worth $13,981,000 after purchasing an additional 2,916 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Evercore ISI upgraded 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 report on Monday, October 7th. Citigroup boosted their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a report on Monday, October 7th. JPMorgan Chase & Co. decreased their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Finally, Mizuho upped their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $332.71.

Air Products and Chemicals Stock Down 0.3 %

Shares of NYSE APD opened at $307.07 on Thursday. The firm has a market cap of $68.29 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 3.13 and a beta of 0.84. 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 52-week low of $212.24 and a 52-week high of $337.00. The business’s 50 day moving average is $309.35 and its two-hundred day moving average is $293.39.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is 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.