Phoenix Wealth Advisors Lowers Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Phoenix Wealth Advisors decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,365 shares of the basic materials company’s stock after selling 296 shares during the period. Air Products and Chemicals accounts for about 1.2% of Phoenix Wealth Advisors’ investment portfolio, making the stock its 24th biggest position. Phoenix Wealth Advisors’ holdings in Air Products and Chemicals were worth $2,716,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in Air Products and Chemicals in the third quarter worth approximately $25,000. Iron Horse Wealth Management LLC raised its stake 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 worth $35,000 after buying an additional 55 shares in the last quarter. Fortitude Family Office LLC increased its position 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 worth $39,000 after purchasing an additional 50 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Air Products and Chemicals during the third quarter worth $42,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Air Products and Chemicals during the third quarter worth $47,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

APD has been the topic of a number of recent analyst reports. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $330.00 to $350.00 in a research report on Tuesday, January 14th. UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective on the stock in a report on Monday, November 18th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price objective for the company from $295.00 to $364.00 in a report on Monday, October 7th. Barclays boosted their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Finally, Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $332.71.

Air Products and Chemicals Stock Up 0.6 %

APD opened at $319.62 on Wednesday. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $309.66 and a 200 day moving average price of $295.61. The company has a market cap of $71.08 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84.

Air Products and Chemicals Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.22%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 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.