Agate Pass Investment Management LLC Has $2.03 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Agate Pass Investment Management LLC lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 6,984 shares of the basic materials company’s stock after acquiring an additional 82 shares during the period. Agate Pass Investment Management LLC’s holdings in Air Products and Chemicals were worth $2,026,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of Air Products and Chemicals by 0.3% during the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock valued at $3,452,000 after purchasing an additional 34 shares in the last quarter. CX Institutional grew its stake in shares of Air Products and Chemicals by 2.6% in the third quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock worth $400,000 after purchasing an additional 34 shares during the last quarter. Bank of Stockton increased its holdings in Air Products and Chemicals by 1.9% in the third quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 34 shares during the period. Exchange Traded Concepts LLC raised its position in Air Products and Chemicals by 22.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 37 shares during the last quarter. Finally, Chesapeake Wealth Management lifted its holdings in Air Products and Chemicals by 1.7% during the 3rd quarter. Chesapeake Wealth Management now owns 2,189 shares of the basic materials company’s stock worth $652,000 after buying an additional 37 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

NYSE APD traded up $6.16 during trading on Monday, hitting $299.24. 829,617 shares of the company’s stock traded hands, compared to its average volume of 1,353,930. The business has a 50 day moving average of $309.41 and a 200-day moving average of $292.76. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $337.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The stock has a market capitalization of $66.55 billion, a price-to-earnings ratio of 17.42, a PEG 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. Shareholders of record on Thursday, January 2nd will be issued 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 yield of 2.37%. Air Products and Chemicals’s payout ratio is 41.21%.

Analyst Ratings Changes

Several analysts recently commented on APD shares. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a report on Friday, October 25th. BMO Capital Markets upped their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Barclays raised their price objective 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. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Finally, Citigroup raised their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $331.53.

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.