Brady Family Wealth LLC Has $4 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Brady Family Wealth LLC decreased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 4.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,776 shares of the basic materials company’s stock after selling 654 shares during the period. Brady Family Wealth LLC’s holdings in Air Products and Chemicals were worth $3,995,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in shares of Air Products and Chemicals in the 3rd quarter worth about $25,000. Iron Horse Wealth Management LLC increased its holdings in 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 purchasing an additional 55 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Air Products and Chemicals by 58.8% during the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after buying an additional 50 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Air Products and Chemicals during the 3rd quarter worth approximately $42,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at $47,000. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on APD shares. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a research note on Friday, October 25th. UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Monday, November 18th. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $330.00 to $350.00 in a report on Tuesday. Finally, StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus price target of $332.71.

Air Products and Chemicals Stock Down 0.3 %

APD stock opened at $307.07 on Thursday. The stock has a market cap of $68.29 billion, a P/E ratio of 17.87, a P/E/G ratio of 3.13 and a beta of 0.84. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $309.35 and its two-hundred day simple moving average is $293.39. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $337.00.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a yield of 2.31%. Air Products and Chemicals’s payout ratio is currently 41.21%.

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.