Air Products and Chemicals, Inc. (NYSE:APD) Stock Holdings Lessened by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,432 shares of the basic materials company’s stock after selling 8,538 shares during the period. Rockefeller Capital Management L.P.’s holdings in Air Products and Chemicals were worth $17,098,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in Air Products and Chemicals during the 3rd quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals during the 2nd quarter valued at $32,000. Iron Horse Wealth Management LLC raised its stake in 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 purchasing an additional 55 shares during the period. Trifecta Capital Advisors LLC raised its stake 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 valued at $37,000 after purchasing an additional 136 shares during the period. Finally, Prospera Private Wealth LLC acquired a new stake in Air Products and Chemicals during the 3rd quarter valued at $42,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on APD. Barclays boosted 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 report on Friday, November 8th. BMO Capital Markets boosted their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the stock from $295.00 to $364.00 in a report on Monday, October 7th. UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective for the company in a report on Monday, November 18th. Finally, Citigroup upped their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $331.53.

Air Products and Chemicals Stock Up 0.3 %

Shares of APD opened at $334.33 on Monday. The company has a 50-day simple moving average of $315.16 and a 200-day simple moving average of $286.11. The firm has a market capitalization of $74.35 billion, a P/E ratio of 19.46, a P/E/G ratio of 3.35 and a beta of 0.81. 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 52 week low of $212.24 and a 52 week high of $336.42.

Air Products and Chemicals Announces Dividend

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