Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Stonebrook Private Inc.

Stonebrook Private Inc. raised its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,268 shares of the basic materials company’s stock after buying an additional 84 shares during the quarter. Stonebrook Private Inc.’s holdings in Air Products and Chemicals were worth $2,760,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Axxcess Wealth Management LLC raised its holdings in Air Products and Chemicals by 72.9% in the 1st quarter. Axxcess Wealth Management LLC now owns 1,428 shares of the basic materials company’s stock valued at $346,000 after acquiring an additional 602 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in Air Products and Chemicals by 3.6% in the 1st quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock worth $16,355,000 after buying an additional 2,321 shares during the last quarter. Mount Yale Investment Advisors LLC grew its holdings in Air Products and Chemicals by 1.9% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 5,653 shares of the basic materials company’s stock valued at $1,369,000 after buying an additional 104 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Air Products and Chemicals during the 1st quarter valued at about $281,000. Finally, Iron Gate Global Advisors LLC purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth about $11,310,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

NYSE APD opened at $331.83 on Friday. The firm has a market capitalization of $73.77 billion, a PE ratio of 19.31, a P/E/G ratio of 3.29 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $332.69. The company’s 50 day simple moving average is $310.63 and its 200 day simple moving average is $282.67.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.13%. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Barclays upped their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price target for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, BMO Capital Markets raised their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $331.53.

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.