Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,678 shares of the basic materials company’s stock after purchasing an additional 291 shares during the period. Osborne Partners Capital Management LLC’s holdings in Air Products and Chemicals were worth $8,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its position in Air Products and Chemicals by 1.9% during the third quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company’s stock worth $1,448,570,000 after buying an additional 88,806 shares during the period. Pathway Financial Advisers LLC grew its position 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 worth $861,722,000 after acquiring an additional 2,884,581 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Air Products and Chemicals by 1.7% in the 3rd quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock valued at $608,312,000 after acquiring an additional 33,313 shares during the period. National Bank of Canada FI raised its position in Air Products and Chemicals by 3.9% in the 3rd quarter. National Bank of Canada FI now owns 1,867,290 shares of the basic materials company’s stock valued at $555,967,000 after purchasing an additional 70,759 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Air Products and Chemicals by 1.2% during the 3rd quarter. Stifel Financial Corp now owns 1,633,381 shares of the basic materials company’s stock worth $486,343,000 after purchasing an additional 19,209 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APD has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped 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 research note on Friday, November 8th. Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $315.00 to $365.00 in a research report on Friday, January 24th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Sanford C. Bernstein raised Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price on the stock in a report on Friday. Finally, Mizuho increased their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $340.50.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $335.36 on Friday. The firm has a market capitalization of $74.58 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 3.46 and a beta of 0.84. 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 business’s 50 day simple moving average is $310.29 and its 200-day simple moving average is $298.99. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $338.00.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.14%. 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. Air Products and Chemicals’s payout ratio is presently 41.21%.

Air Products and Chemicals Company 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.