ORG Wealth Partners LLC Grows Position in Air Products and Chemicals, Inc. (NYSE:APD)

ORG Wealth Partners LLC lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 28.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 451 shares of the basic materials company’s stock after purchasing an additional 100 shares during the quarter. ORG Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $131,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APD. Truvestments Capital LLC acquired a new position in Air Products and Chemicals in the third quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals during the second quarter worth about $32,000. Iron Horse Wealth Management LLC increased its holdings in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares during the last quarter. Fortitude Family Office LLC increased its holdings in 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 buying an additional 50 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Air Products and Chemicals in the third quarter valued at about $42,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on APD shares. Barclays lifted their target price on 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. UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a research report on Monday, November 18th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their target price for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, BMO Capital Markets upped their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Trading Up 2.7 %

Air Products and Chemicals stock opened at $292.88 on Friday. The stock has a market cap of $65.13 billion, a P/E ratio of 17.05, a P/E/G ratio of 3.13 and a beta of 0.84. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $337.00. The company’s fifty day simple moving average is $309.41 and its 200-day simple moving average is $292.38. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued 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 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.