Air Products and Chemicals, Inc. (NYSE:APD) Position Lifted by True North Advisors LLC

True North Advisors LLC raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,401 shares of the basic materials company’s stock after purchasing an additional 221 shares during the period. True North Advisors LLC’s holdings in Air Products and Chemicals were worth $1,276,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at approximately $25,000. Iron Horse Wealth Management LLC raised its position in shares of Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of Air Products and Chemicals by 58.8% in the 4th 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 during the last quarter. Prospera Private Wealth LLC bought a new stake in Air Products and Chemicals in the third quarter valued at $42,000. Finally, Reston Wealth Management LLC bought a new position in Air Products and Chemicals in the 3rd quarter worth about $47,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.9 %

Air Products and Chemicals stock opened at $316.87 on Thursday. The company has a market capitalization of $70.46 billion, a P/E ratio of 18.44, a P/E/G ratio of 3.16 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 firm’s fifty day simple moving average is $309.66 and its 200-day simple moving average is $295.61. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 2.26%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio is 41.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Barclays raised their target price on shares of 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. Mizuho raised their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company 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 boosted their target price for the stock from $330.00 to $350.00 in a report on Tuesday, January 14th. UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective for the company in a research report on Monday, November 18th. Finally, BMO Capital Markets increased their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average target price of $332.71.

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.