Kennedy Investment Group Sells 50 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Kennedy Investment Group cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,263 shares of the basic materials company’s stock after selling 50 shares during the period. Kennedy Investment Group’s holdings in Air Products and Chemicals were worth $946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APD. Pathway Financial Advisers LLC boosted its stake in shares of Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after purchasing an additional 2,884,581 shares in the last quarter. ING Groep NV lifted its position in Air Products and Chemicals by 240.7% during the third quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock valued at $304,717,000 after acquiring an additional 723,019 shares during the last quarter. Mizuho Markets Americas LLC lifted its position in Air Products and Chemicals by 318.7% during the third quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company’s stock valued at $282,473,000 after acquiring an additional 722,132 shares during the last quarter. Van ECK Associates Corp lifted its position in Air Products and Chemicals by 1,685.4% during the third quarter. Van ECK Associates Corp now owns 764,489 shares of the basic materials company’s stock valued at $249,698,000 after acquiring an additional 721,671 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in Air Products and Chemicals by 29,957.6% during the third quarter. International Assets Investment Management LLC now owns 718,075 shares of the basic materials company’s stock valued at $2,138,000,000 after acquiring an additional 715,686 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

APD has been the subject of a number of analyst reports. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research report on Monday, October 7th. Bank of America cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price target for the company. in a report on Monday. Wells Fargo & Company raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $330.00 to $350.00 in a report on Tuesday, January 14th. BMO Capital Markets raised their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $315.00 to $365.00 in a report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $338.47.

Air Products and Chemicals Stock Up 0.1 %

APD stock opened at $327.02 on Wednesday. The firm has a market cap of $72.72 billion, a PE ratio of 19.04, a P/E/G ratio of 3.16 and a beta of 0.84. 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 firm’s fifty day moving average is $310.11 and its 200 day moving average is $297.54. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 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.