Bartlett & CO. Wealth Management LLC Sells 1,788 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Bartlett & CO. Wealth Management LLC decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 27.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,841 shares of the basic materials company’s stock after selling 1,788 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Air Products and Chemicals were worth $1,404,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in APD. Sei Investments Co. boosted its holdings in Air Products and Chemicals by 2.4% in the 2nd quarter. Sei Investments Co. now owns 78,328 shares of the basic materials company’s stock valued at $20,213,000 after purchasing an additional 1,852 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Air Products and Chemicals by 67.8% in the second quarter. Public Sector Pension Investment Board now owns 8,540 shares of the basic materials company’s stock valued at $2,204,000 after buying an additional 3,451 shares during the period. Marshall Wace LLP grew its position in Air Products and Chemicals by 175.5% during the second quarter. Marshall Wace LLP now owns 45,366 shares of the basic materials company’s stock worth $11,707,000 after buying an additional 28,901 shares in the last quarter. Sfmg LLC bought a new position in Air Products and Chemicals during the 2nd quarter worth $223,000. Finally, Insigneo Advisory Services LLC raised its holdings in Air Products and Chemicals by 10.5% in the 2nd quarter. Insigneo Advisory Services LLC now owns 4,132 shares of the basic materials company’s stock valued at $1,151,000 after acquiring an additional 392 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

APD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. BMO Capital Markets boosted their target price on shares of 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 shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price target for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research report on Friday, October 25th. Finally, UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $332.71.

Air Products and Chemicals Stock Up 2.1 %

NYSE:APD opened at $323.65 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The firm’s 50 day simple moving average is $309.74 and its 200 day simple moving average is $295.76. The company has a market cap of $71.97 billion, a PE ratio of 18.84, a P/E/G ratio of 3.18 and a beta of 0.84.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Tuesday, April 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.21%. 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.