Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Goodman Advisory Group LLC

Goodman Advisory Group LLC cut its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,961 shares of the basic materials company’s stock after selling 540 shares during the period. Air Products and Chemicals accounts for approximately 1.4% of Goodman Advisory Group LLC’s investment portfolio, making the stock its 26th largest holding. Goodman Advisory Group LLC’s holdings in Air Products and Chemicals were worth $4,752,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of APD. Forsta AP Fonden increased its stake in shares of Air Products and Chemicals by 13.4% in the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock valued at $13,607,000 after purchasing an additional 5,400 shares during the period. Jensen Investment Management Inc. lifted its stake in shares of Air Products and Chemicals by 65.0% in the 3rd quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock worth $3,921,000 after acquiring an additional 5,190 shares during the period. Townsquare Capital LLC boosted its holdings in shares of Air Products and Chemicals by 3.9% in the third quarter. Townsquare Capital LLC now owns 44,661 shares of the basic materials company’s stock valued at $13,297,000 after acquiring an additional 1,662 shares in the last quarter. Woodstock Corp raised its holdings in Air Products and Chemicals by 6.5% during the third quarter. Woodstock Corp now owns 38,976 shares of the basic materials company’s stock worth $11,605,000 after purchasing an additional 2,387 shares in the last quarter. Finally, Impax Asset Management Group plc acquired a new stake in Air Products and Chemicals in the third quarter worth approximately $3,234,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $316.69 on Tuesday. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $337.00. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The company has a market cap of $70.42 billion, a P/E ratio of 18.43, a P/E/G ratio of 3.21 and a beta of 0.81. The business’s 50 day moving average is $318.59 and its two-hundred day moving average is $288.74.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is currently 41.21%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on APD. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Citigroup raised their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. BMO Capital Markets upped their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price objective for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $331.53.

Air Products and Chemicals Company 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.