Graypoint LLC Raises Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Graypoint LLC raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 9.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,511 shares of the basic materials company’s stock after acquiring an additional 131 shares during the quarter. Graypoint LLC’s holdings in Air Products and Chemicals were worth $438,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of APD. Sage Capital Advisors llc boosted its position in shares of Air Products and Chemicals by 0.3% in the 4th quarter. Sage Capital Advisors llc now owns 14,732 shares of the basic materials company’s stock worth $4,273,000 after purchasing an additional 39 shares in the last quarter. LVM Capital Management Ltd. MI boosted its holdings in Air Products and Chemicals by 5.6% in the fourth quarter. LVM Capital Management Ltd. MI now owns 1,132 shares of the basic materials company’s stock worth $328,000 after acquiring an additional 60 shares in the last quarter. ORG Wealth Partners LLC grew its stake in shares of Air Products and Chemicals by 28.5% during the fourth quarter. ORG Wealth Partners LLC now owns 451 shares of the basic materials company’s stock worth $131,000 after acquiring an additional 100 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Air Products and Chemicals by 59.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock valued at $111,488,000 after acquiring an additional 139,223 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC raised its position in shares of Air Products and Chemicals by 7.2% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 2,317 shares of the basic materials company’s stock valued at $672,000 after purchasing an additional 156 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $292.88 on Friday. 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, Inc. has a 12-month low of $212.24 and a 12-month high of $337.00. The business’s 50 day moving average is $309.41 and its two-hundred day moving average is $292.56. The company has a market capitalization of $65.13 billion, a P/E ratio of 17.05, a P/E/G ratio of 3.13 and a beta of 0.84.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.42%. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

Analyst Ratings Changes

A number of research firms have issued reports on APD. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Barclays boosted their price target on 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. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a report on Monday, October 7th. Finally, Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price target for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $331.53.

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.