Koshinski Asset Management Inc. Decreases Position in Air Products and Chemicals, Inc. (NYSE:APD)

Koshinski Asset Management Inc. reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,372 shares of the basic materials company’s stock after selling 108 shares during the period. Koshinski Asset Management Inc.’s holdings in Air Products and Chemicals were worth $1,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sei Investments Co. grew its holdings in Air Products and Chemicals by 2.4% during the 2nd quarter. Sei Investments Co. now owns 78,328 shares of the basic materials company’s stock valued at $20,213,000 after purchasing an additional 1,852 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of Air Products and Chemicals during the second quarter valued at about $530,000. EverSource Wealth Advisors LLC increased its position in shares of Air Products and Chemicals by 175.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,333 shares of the basic materials company’s stock worth $352,000 after acquiring an additional 849 shares during the last quarter. Certified Advisory Corp lifted its stake in shares of Air Products and Chemicals by 15.5% in the second quarter. Certified Advisory Corp now owns 5,888 shares of the basic materials company’s stock worth $1,519,000 after acquiring an additional 792 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in Air Products and Chemicals by 67.8% in the second quarter. Public Sector Pension Investment Board now owns 8,540 shares of the basic materials company’s stock valued at $2,204,000 after purchasing an additional 3,451 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

NYSE APD opened at $319.62 on Wednesday. The company has a 50-day moving average price of $309.49 and a two-hundred day moving average price of $295.14. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00. The stock has a market cap of $71.08 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 3.16 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 Announces Dividend

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 given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on APD shares. Mizuho upped their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Barclays upped their target price on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Citigroup lifted their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Evercore ISI raised 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 report on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, 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.