Geneos Wealth Management Inc. Purchases 651 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Geneos Wealth Management Inc. lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,103 shares of the basic materials company’s stock after acquiring an additional 651 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Air Products and Chemicals were worth $5,251,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Truvestments Capital LLC bought a new stake in Air Products and Chemicals during the 3rd quarter worth about $25,000. Raleigh Capital Management Inc. grew its position in shares of Air Products and Chemicals by 69.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after buying an additional 43 shares during the period. Iron Horse Wealth Management LLC raised its stake in shares of 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. Fortitude Family Office LLC lifted its holdings in Air Products and Chemicals by 58.8% in the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after buying an additional 50 shares during the period. Finally, Prospera Private Wealth LLC bought a new position in Air Products and Chemicals in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

APD stock opened at $329.29 on Friday. The stock has a 50-day moving average price of $310.14 and a two-hundred day moving average price of $296.47. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $337.00. The stock has a market cap of $73.23 billion, a PE ratio of 19.17, 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Tuesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.21%.

Analyst Ratings Changes

APD has been the subject of several recent research reports. BMO Capital Markets upped their target price on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. 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. UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a report on Monday, November 18th. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price target for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Finally, Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research note on Monday, October 7th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $335.65.

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.