Hanson & Doremus Investment Management Buys 216 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Hanson & Doremus Investment Management increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,924 shares of the basic materials company’s stock after purchasing an additional 216 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Air Products and Chemicals were worth $1,138,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Air Products and Chemicals by 0.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 21,363 shares of the basic materials company’s stock worth $5,512,000 after buying an additional 123 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in Air Products and Chemicals by 123.1% in the second quarter. EP Wealth Advisors LLC now owns 11,717 shares of the basic materials company’s stock valued at $3,024,000 after acquiring an additional 6,464 shares in the last quarter. Advisory Alpha LLC grew its holdings in Air Products and Chemicals by 16.7% in the second quarter. Advisory Alpha LLC now owns 966 shares of the basic materials company’s stock worth $249,000 after purchasing an additional 138 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Air Products and Chemicals during the second quarter worth $17,233,000. Finally, Heritage Wealth Management Inc. purchased a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at $1,047,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Mizuho upped their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut 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 report on Friday, November 8th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. BMO Capital Markets upped 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 research note on Thursday, November 14th. Finally, UBS Group lifted their price objective on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $338.47.

Air Products and Chemicals Trading Up 0.1 %

Shares of NYSE:APD opened at $327.45 on Thursday. 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 12-month low of $212.24 and a 12-month high of $337.00. The business has a 50 day moving average of $310.10 and a two-hundred day moving average of $298.00. The company has a market capitalization of $72.82 billion, a PE ratio of 19.06, a PEG ratio of 3.16 and a beta of 0.84.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be paid a $1.79 dividend. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s payout ratio is currently 41.68%.

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.