Tyche Wealth Partners LLC Purchases 294 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Tyche Wealth Partners LLC raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 9.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,255 shares of the basic materials company’s stock after purchasing an additional 294 shares during the period. Tyche Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in Air Products and Chemicals in the third quarter worth about $25,000. Raleigh Capital Management Inc. lifted its position in shares of Air Products and Chemicals by 69.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 43 shares during the period. Financial Life Planners bought a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $31,000. Iron Horse Wealth Management LLC increased 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 valued at $35,000 after buying an additional 55 shares during the period. Finally, Newton One Investments LLC bought a new position in Air Products and Chemicals in the fourth quarter worth approximately $38,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Down 0.7 %

Shares of Air Products and Chemicals stock opened at $333.45 on Thursday. The stock has a market cap of $74.15 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 3.55 and a beta of 0.85. The firm has a fifty day moving average price of $310.40 and a 200 day moving average price of $300.43. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $341.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a $1.79 dividend. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.15%. Air Products and Chemicals’s dividend payout ratio is presently 41.21%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Sanford C. Bernstein raised Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price target for the company in a research report on Friday, January 31st. Citigroup increased their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Mizuho lifted their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. UBS Group increased their target price on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, BMO Capital Markets increased their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $340.50.

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.