Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 88.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,490 shares of the basic materials company’s stock after acquiring an additional 4,916 shares during the period. Diversify Wealth Management LLC’s holdings in Air Products and Chemicals were worth $3,074,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Air Products and Chemicals in the 3rd quarter valued at approximately $25,000. Iron Horse Wealth Management LLC increased its holdings in shares of Air Products and Chemicals by 88.7% during the third 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. Fortitude Family Office LLC raised its stake in shares of Air Products and Chemicals by 58.8% during 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 in the last quarter. Prospera Private Wealth LLC acquired a new stake in Air Products and Chemicals in the third quarter worth about $42,000. Finally, Reston Wealth Management LLC acquired a new position in Air Products and Chemicals during the 3rd quarter valued at about $47,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 1.6 %

Shares of NYSE APD opened at $317.11 on Monday. 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, Inc. has a one year low of $212.24 and a one year high of $337.00. The business has a 50-day moving average price of $309.42 and a two-hundred day moving average price of $294.40. The firm has a market capitalization of $70.52 billion, a PE ratio of 18.46, a PEG ratio of 2.88 and a beta of 0.84.

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 2.23%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is presently 41.21%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Barclays boosted their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a research report on Monday, October 7th. Finally, Mizuho boosted their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. 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 an average rating of “Moderate Buy” and a consensus target price 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.