DB Fitzpatrick & Co Inc Trims Position in Air Products and Chemicals, Inc. (NYSE:APD)

DB Fitzpatrick & Co Inc trimmed its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 26.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,294 shares of the basic materials company’s stock after selling 1,514 shares during the period. Air Products and Chemicals accounts for 1.1% of DB Fitzpatrick & Co Inc’s portfolio, making the stock its 28th largest holding. DB Fitzpatrick & Co Inc’s holdings in Air Products and Chemicals were worth $1,245,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of APD. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in Air Products and Chemicals by 0.3% during the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock valued at $3,452,000 after acquiring an additional 34 shares during the period. CX Institutional grew its position in shares of Air Products and Chemicals by 2.6% during the third 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 stake 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 valued at $540,000 after purchasing an additional 34 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Air Products and Chemicals by 22.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 37 shares in the last quarter. Finally, Chesapeake Wealth Management boosted its stake in Air Products and Chemicals by 1.7% in the 3rd quarter. Chesapeake Wealth Management now owns 2,189 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 1.6 %

NYSE APD opened at $317.11 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00. The firm has a market capitalization of $70.52 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.88 and a beta of 0.84. The company has a fifty day moving average of $309.34 and a two-hundred day moving average of $293.61.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 annualized dividend and a yield of 2.23%. Air Products and Chemicals’s payout ratio is 41.21%.

Analyst Upgrades and Downgrades

APD has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced 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 report on Friday, November 8th. BMO Capital Markets lifted their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Citigroup raised their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Finally, Mizuho increased their price target 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. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average 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.