Sage Capital Advisors llc Acquires 39 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Sage Capital Advisors llc grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,732 shares of the basic materials company’s stock after buying an additional 39 shares during the quarter. Sage Capital Advisors llc’s holdings in Air Products and Chemicals were worth $4,273,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth about $25,000. Iron Horse Wealth Management LLC raised its stake in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the period. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals during the 2nd quarter valued at $32,000. Fortitude Family Office LLC raised its position in shares of Air Products and Chemicals by 58.8% in the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 50 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in shares of Air Products and Chemicals during the 3rd quarter worth about $42,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APD has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. BMO Capital Markets upped their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. 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. Finally, JPMorgan Chase & Co. dropped their price target on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average target price of $331.53.

Air Products and Chemicals Trading Up 2.4 %

Shares of APD stock traded up $6.72 during trading hours on Friday, reaching $291.97. The company’s stock had a trading volume of 872,221 shares, compared to its average volume of 1,179,217. The stock has a market capitalization of $64.93 billion, a P/E ratio of 16.99, a P/E/G ratio of 3.13 and a beta of 0.84. The firm’s fifty day simple moving average is $309.73 and its 200 day simple moving average is $292.23. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors 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 yield of 2.42%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

About Air Products and Chemicals

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.