Financial Life Planners Makes New $31,000 Investment in Air Products and Chemicals, Inc. (NYSE:APD)

Financial Life Planners bought a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 108 shares of the basic materials company’s stock, valued at approximately $31,000.

A number of other institutional investors have also made changes to their positions in the business. CX Institutional increased its holdings in Air Products and Chemicals by 2.6% in the third quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock worth $400,000 after purchasing an additional 34 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Air Products and Chemicals by 0.3% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock worth $3,452,000 after purchasing an additional 34 shares during the period. Bank of Stockton raised its position in shares of Air Products and Chemicals by 1.9% during the third quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock worth $540,000 after purchasing an additional 34 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Air Products and Chemicals by 22.3% in the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock valued at $60,000 after buying an additional 37 shares in the last quarter. Finally, Chesapeake Wealth Management lifted its position in Air Products and Chemicals by 1.7% in the 3rd quarter. Chesapeake Wealth Management now owns 2,189 shares of the basic materials company’s stock valued at $652,000 after acquiring an additional 37 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Trading Up 1.1 %

NYSE:APD opened at $338.90 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $75.37 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 3.55 and a beta of 0.85. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $339.10. The firm has a 50 day moving average of $310.29 and a 200 day moving average of $299.41.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.11%. The ex-dividend date 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 dividend payout ratio is currently 41.21%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on APD shares. Barclays raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $315.00 to $365.00 in a report on Friday, January 24th. Vertical Research raised 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 report on Monday, October 7th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their target price for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Mizuho boosted their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $340.50.

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.