16,010 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Acquired by Solidarity Wealth LLC

Solidarity Wealth LLC acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,010 shares of the basic materials company’s stock, valued at approximately $4,644,000. Air Products and Chemicals makes up about 1.2% of Solidarity Wealth LLC’s portfolio, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APD. Truvestments Capital LLC bought a new position in shares of Air Products and Chemicals in the third quarter valued at approximately $25,000. Iron Horse Wealth Management LLC grew its stake in shares of 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 worth $35,000 after acquiring an additional 55 shares during the last quarter. Fortitude Family Office LLC grew its stake 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 worth $39,000 after acquiring an additional 50 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Air Products and Chemicals in the third quarter worth $42,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Air Products and Chemicals in the third quarter worth $47,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Mizuho lifted their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $330.00 to $350.00 in a research note on Tuesday, January 14th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Citigroup boosted their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, BMO Capital Markets boosted their target price on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $332.71.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $317.11 on Tuesday. The stock has a market capitalization of $70.52 billion, a P/E ratio of 18.46, a P/E/G ratio of 2.88 and a beta of 0.84. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-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. The business has a 50-day moving average price of $309.42 and a two-hundred day moving average price of $294.69.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a yield of 2.23%. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

Air Products and Chemicals 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.