Arkadios Wealth Advisors Grows Position in Air Products and Chemicals, Inc. (NYSE:APD)

Arkadios Wealth Advisors lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 22.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,126 shares of the basic materials company’s stock after purchasing an additional 2,377 shares during the quarter. Arkadios Wealth Advisors’ holdings in Air Products and Chemicals were worth $3,807,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Air Products and Chemicals by 59.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock worth $111,488,000 after purchasing an additional 139,223 shares during the period. Forsta AP Fonden boosted its holdings in shares of Air Products and Chemicals by 13.4% in the 3rd quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock worth $13,607,000 after purchasing an additional 5,400 shares during the period. Jensen Investment Management Inc. boosted its holdings in shares of Air Products and Chemicals by 65.0% in the 3rd quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock worth $3,921,000 after purchasing an additional 5,190 shares during the period. World Investment Advisors LLC boosted its holdings in shares of Air Products and Chemicals by 1,205.1% in the 3rd quarter. World Investment Advisors LLC now owns 38,423 shares of the basic materials company’s stock worth $11,440,000 after purchasing an additional 35,479 shares during the period. Finally, Townsquare Capital LLC boosted its holdings in shares of Air Products and Chemicals by 3.9% in the 3rd quarter. Townsquare Capital LLC now owns 44,661 shares of the basic materials company’s stock worth $13,297,000 after purchasing an additional 1,662 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 1.6 %

Shares of NYSE:APD opened at $317.11 on Friday. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $337.00. The business’s fifty day simple moving average is $309.34 and its 200-day simple moving average is $293.61. The company has a market capitalization of $70.52 billion, a PE ratio of 18.46, a P/E/G ratio of 2.88 and a beta of 0.84. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a yield of 2.23%. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BMO Capital Markets raised their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a research note on Friday, October 25th. UBS Group raised 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. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Finally, Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price target for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.