Smith Chas P & Associates PA Cpas increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 70.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 133,612 shares of the basic materials company’s stock after acquiring an additional 55,110 shares during the period. Air Products and Chemicals accounts for 1.7% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 26th biggest position. Smith Chas P & Associates PA Cpas’ holdings in Air Products and Chemicals were worth $33,005,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in APD. Brighton Jones LLC lifted its position in shares of Air Products and Chemicals by 14.5% in the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after acquiring an additional 412 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at $245,000. Sei Investments Co. lifted its position in shares of Air Products and Chemicals by 197.6% in the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock valued at $79,498,000 after acquiring an additional 187,142 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Air Products and Chemicals by 2.1% in the second quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company’s stock valued at $29,271,000 after acquiring an additional 2,171 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its position in shares of Air Products and Chemicals by 52.5% in the second quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company’s stock valued at $1,873,000 after acquiring an additional 2,229 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.
Air Products and Chemicals Price Performance
Shares of NYSE:APD opened at $285.79 on Thursday. The company has a market cap of $63.64 billion, a P/E ratio of 30.24, a P/E/G ratio of 2.54 and a beta of 0.77. The company has a quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $307.96. The business has a fifty day simple moving average of $294.33 and a 200-day simple moving average of $274.47.
Air Products and Chemicals Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be paid a $1.81 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.5%. Air Products and Chemicals’s payout ratio is 76.61%.
Insider Activity at Air Products and Chemicals
In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $303.76, for a total value of $824,404.64. Following the transaction, the chief financial officer owned 14,212 shares in the company, valued at approximately $4,317,037.12. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.88% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on APD. Jefferies Financial Group upped their price objective on Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. UBS Group upped their price objective on Air Products and Chemicals from $307.00 to $316.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Sanford C. Bernstein restated an “outperform” rating and issued a $315.00 price objective on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Wells Fargo & Company upped their price objective on Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Bank of America lifted their price objective on Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.12.
View Our Latest Research Report on APD
Air Products and Chemicals Company Profile
Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.
The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.
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