Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Saxon Interests Inc.

Saxon Interests Inc. increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,482 shares of the basic materials company’s stock after buying an additional 346 shares during the quarter. Saxon Interests Inc.’s holdings in Air Products and Chemicals were worth $1,300,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Air Products and Chemicals by 0.3% in the 3rd 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 last quarter. CX Institutional increased its stake in Air Products and Chemicals by 2.6% in the 3rd 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. Bank of Stockton raised its holdings in Air Products and Chemicals by 1.9% during the 3rd quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock worth $540,000 after buying an additional 34 shares during the period. Exchange Traded Concepts LLC lifted its stake in Air Products and Chemicals by 22.3% during 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 boosted its holdings in shares of Air Products and Chemicals by 1.7% in the third quarter. Chesapeake Wealth Management now owns 2,189 shares of the basic materials company’s stock worth $652,000 after buying an additional 37 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Down 0.0 %

Shares of NYSE APD opened at $311.96 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The company has a market cap of $69.37 billion, a PE ratio of 18.16, a P/E/G ratio of 2.88 and a beta of 0.84. The company has a 50-day moving average of $309.36 and a two-hundred day moving average of $293.48. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $337.00.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.27%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a report on Monday, November 18th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research report on Monday, October 7th. BMO Capital Markets raised their price objective on 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. Barclays increased their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus price target of $332.71.

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.