Captrust Financial Advisors Sells 2,603 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Captrust Financial Advisors lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,456 shares of the basic materials company’s stock after selling 2,603 shares during the period. Captrust Financial Advisors’ holdings in Air Products and Chemicals were worth $9,366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Truvestments Capital LLC bought a new position in Air Products and Chemicals in the third quarter valued at approximately $25,000. Iron Horse Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 55 shares during the period. Meeder Asset Management Inc. bought a new stake in Air Products and Chemicals in the 2nd quarter valued at $32,000. Prospera Private Wealth LLC acquired a new position in Air Products and Chemicals in the 3rd quarter worth $42,000. Finally, Trifecta Capital Advisors LLC increased its holdings in Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup upped their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a research report on Friday, October 25th. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a report on Monday, November 18th. Finally, Barclays lifted their price target 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. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Trading Up 0.3 %

Shares of APD stock opened at $334.33 on Monday. The stock has a market cap of $74.35 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 3.35 and a beta of 0.81. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $336.42. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $315.16 and a 200 day simple moving average of $286.11.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.21%.

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.