Harmony Asset Management LLC Raises Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Harmony Asset Management LLC lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 42.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,501 shares of the basic materials company’s stock after purchasing an additional 450 shares during the quarter. Harmony Asset Management LLC’s holdings in Air Products and Chemicals were worth $447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Cetera Advisors LLC raised its position in shares of Air Products and Chemicals by 35.6% in the 1st quarter. Cetera Advisors LLC now owns 13,264 shares of the basic materials company’s stock worth $3,213,000 after acquiring an additional 3,484 shares in the last quarter. First Hawaiian Bank increased its position in Air Products and Chemicals by 15.2% in the 2nd quarter. First Hawaiian Bank now owns 1,512 shares of the basic materials company’s stock valued at $390,000 after acquiring an additional 200 shares during the period. Park Avenue Securities LLC increased its position in shares of Air Products and Chemicals by 95.9% during the second quarter. Park Avenue Securities LLC now owns 8,460 shares of the basic materials company’s stock valued at $2,183,000 after purchasing an additional 4,142 shares during the period. CVA Family Office LLC lifted its position in Air Products and Chemicals by 31.5% in the 2nd quarter. CVA Family Office LLC now owns 605 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 145 shares in the last quarter. Finally, CWM LLC grew its stake in Air Products and Chemicals by 3.8% during the second quarter. CWM LLC now owns 7,398 shares of the basic materials company’s stock worth $1,909,000 after buying an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the topic of several analyst reports. Jefferies Financial Group upgraded 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 report on Monday, October 7th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a research note on Monday, October 7th. The Goldman Sachs Group upped their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Mizuho increased 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. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Trading Up 0.4 %

APD opened at $335.66 on Tuesday. The firm’s fifty day simple moving average is $315.16 and its 200 day simple moving average is $286.11. The stock has a market capitalization of $74.64 billion, a P/E ratio of 19.54, a P/E/G ratio of 3.35 and a beta of 0.81. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $336.42. 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 company 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. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 annualized dividend and a yield of 2.11%. Air Products and Chemicals’s payout ratio is 41.21%.

About Air Products and Chemicals

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.