Mutual Advisors LLC Acquires 145 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Mutual Advisors LLC increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 3,518 shares of the basic materials company’s stock after purchasing an additional 145 shares during the period. Mutual Advisors LLC’s holdings in Air Products and Chemicals were worth $1,098,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in shares of Air Products and Chemicals in the 3rd quarter valued at approximately $25,000. Iron Horse Wealth Management LLC lifted its position in 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 acquiring an additional 55 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in 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 valued at $39,000 after acquiring an additional 50 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of Air Products and Chemicals in the third quarter valued at about $42,000. Finally, Reston Wealth Management LLC acquired a new stake in Air Products and Chemicals in the 3rd quarter valued at approximately $47,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

APD has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a report on Friday, October 25th. Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $315.00 to $365.00 in a report on Friday. Citigroup raised their price objective 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. Finally, Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their target price for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $335.65.

Air Products and Chemicals Trading Up 1.6 %

NYSE:APD opened at $329.29 on Friday. 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, Inc. has a 1-year low of $212.24 and a 1-year high of $337.00. The firm has a market capitalization of $73.23 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 3.16 and a beta of 0.84. The business’s 50-day moving average price is $310.14 and its two-hundred day moving average price is $296.47.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.68%.

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.