Alan B Lancz & Associates Inc. Has $572,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Alan B Lancz & Associates Inc. lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 11.3% in the fourth quarter, Holdings Channel reports. The firm owned 1,971 shares of the basic materials company’s stock after selling 250 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Air Products and Chemicals were worth $572,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals in the 3rd quarter valued at $25,000. Raleigh Capital Management Inc. grew its stake in Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 43 shares during the period. Iron Horse Wealth Management LLC increased its holdings 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 in the last quarter. Fortitude Family Office LLC raised 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 during the period. Finally, Prospera Private Wealth LLC bought a new position in shares of Air Products and Chemicals during the 3rd quarter valued at about $42,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD opened at $329.29 on Friday. The company has a market cap of $73.23 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. The firm has a 50-day moving average of $310.14 and a 200-day moving average of $296.47. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be paid a $1.79 dividend. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. This represents a $7.16 annualized dividend and a yield of 2.17%. Air Products and Chemicals’s dividend payout ratio is currently 41.68%.

Analysts Set New Price Targets

Several analysts have commented on APD shares. Citigroup raised their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $315.00 to $365.00 in a research report on Friday. JPMorgan Chase & Co. dropped their price target on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research report on Friday, October 25th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $335.65.

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.