Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by First Affirmative Financial Network

First Affirmative Financial Network lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,163 shares of the basic materials company’s stock after selling 95 shares during the period. First Affirmative Financial Network’s holdings in Air Products and Chemicals were worth $337,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in APD. Truvestments Capital LLC purchased a new position in Air Products and Chemicals in the third quarter valued at about $25,000. Raleigh Capital Management Inc. grew its stake in shares of Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 43 shares in the last quarter. Iron Horse Wealth Management LLC raised its holdings in shares of Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares during the period. Fortitude Family Office LLC lifted its position in Air Products and Chemicals by 58.8% during the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 50 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in Air Products and Chemicals in the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on APD. JPMorgan Chase & Co. cut their price objective on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Bank of America cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 target price for the company. in a research note on Monday. Mizuho lifted their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research note on Monday, October 7th. Finally, BMO Capital Markets boosted their target price on shares of 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. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus price target of $338.47.

Air Products and Chemicals Stock Up 0.1 %

Air Products and Chemicals stock opened at $327.45 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The company has a 50-day simple moving average of $310.10 and a 200-day simple moving average of $298.00. The firm has a market capitalization of $72.82 billion, a P/E ratio of 19.06, a P/E/G ratio of 3.16 and a beta of 0.84.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s payout ratio is 41.68%.

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.