UMB Bank n.a. Has $4.34 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

UMB Bank n.a. reduced its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% in the 4th quarter, Holdings Channel reports. The fund owned 14,950 shares of the basic materials company’s stock after selling 211 shares during the quarter. UMB Bank n.a.’s holdings in Air Products and Chemicals were worth $4,336,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals in the third quarter valued at approximately $25,000. Iron Horse Wealth Management LLC lifted its holdings in shares of 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 valued at $35,000 after purchasing an additional 55 shares in the last quarter. Fortitude Family Office LLC lifted its stake in Air Products and Chemicals by 58.8% in the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 50 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Air Products and Chemicals in the third quarter worth $42,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Air Products and Chemicals in the third quarter valued at about $47,000. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on APD shares. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Citigroup upped their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Mizuho raised their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Finally, UBS Group upgraded 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus price target of $332.71.

Air Products and Chemicals Stock Up 1.6 %

NYSE APD opened at $317.11 on Tuesday. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00. The business has a fifty day moving average price of $309.42 and a two-hundred day moving average price of $294.69. 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 stock has a market capitalization of $70.52 billion, a PE ratio of 18.46, a PEG ratio of 2.88 and a beta of 0.84.

Air Products and Chemicals Announces Dividend

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 paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.23%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

Air Products and Chemicals Company 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.