Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Founders Capital Management

Founders Capital Management reduced its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.2% during the 4th quarter, HoldingsChannel reports. The firm owned 18,679 shares of the basic materials company’s stock after selling 818 shares during the period. Air Products and Chemicals accounts for approximately 3.4% of Founders Capital Management’s investment portfolio, making the stock its 12th biggest holding. Founders Capital Management’s holdings in Air Products and Chemicals were worth $5,418,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of APD. Truvestments Capital LLC purchased a new position in Air Products and Chemicals during the 3rd quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals during the second quarter worth about $32,000. Iron Horse Wealth Management LLC raised its holdings in 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 purchasing an additional 55 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in Air Products and Chemicals by 58.8% in the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 50 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Air Products and Chemicals during the 3rd quarter worth approximately $42,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Up 2.1 %

Air Products and Chemicals stock traded up $6.16 during midday trading on Monday, hitting $299.24. 829,617 shares of the stock were exchanged, compared to its average volume of 1,353,930. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The company has a 50 day moving average price of $309.41 and a two-hundred day moving average price of $292.76. The firm has a market cap of $66.55 billion, a P/E ratio of 17.42, a P/E/G ratio of 3.13 and a beta of 0.84. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $337.00.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 41.21%.

Analyst Ratings Changes

Several analysts recently commented on APD shares. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their target price for the company from $295.00 to $364.00 in a report on Monday, October 7th. Vertical Research raised 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. BMO Capital Markets lifted their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Citigroup lifted their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.