Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 39.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,973 shares of the basic materials company’s stock after acquiring an additional 1,134 shares during the quarter. TD Private Client Wealth LLC’s holdings in Air Products and Chemicals were worth $1,183,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of APD. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals during the second quarter worth approximately $32,000. Iron Horse Wealth Management LLC boosted its stake in 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. Trifecta Capital Advisors LLC grew its holdings 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 valued at $37,000 after buying an additional 136 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Air Products and Chemicals in the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

APD has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the company from $295.00 to $364.00 in a report on Monday, October 7th. UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a research note on Monday, November 18th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. BMO Capital Markets upped their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, Redburn Atlantic raised 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. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average price target of $331.53.

Air Products and Chemicals Stock Performance

NYSE APD opened at $312.30 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The company has a market cap of $69.45 billion, a P/E ratio of 18.18, a P/E/G ratio of 3.13 and a beta of 0.81. The stock has a 50-day moving average of $320.55 and a two-hundred day moving average of $289.74. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $337.00.

Air Products and Chemicals Dividend Announcement

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. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.21%.

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.