Daymark Wealth Partners LLC Has $654,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Daymark Wealth Partners LLC raised its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,253 shares of the basic materials company’s stock after buying an additional 128 shares during the period. Daymark Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $654,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sei Investments Co. increased its stake in shares of Air Products and Chemicals by 2.4% during the 2nd quarter. Sei Investments Co. now owns 78,328 shares of the basic materials company’s stock worth $20,213,000 after purchasing an additional 1,852 shares during the last quarter. Public Sector Pension Investment Board increased its position in Air Products and Chemicals by 67.8% during the second quarter. Public Sector Pension Investment Board now owns 8,540 shares of the basic materials company’s stock worth $2,204,000 after buying an additional 3,451 shares during the last quarter. Marshall Wace LLP raised its holdings 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 valued at $11,707,000 after buying an additional 28,901 shares in the last quarter. Sfmg LLC acquired a new stake in shares of Air Products and Chemicals in the second quarter worth about $223,000. Finally, Insigneo Advisory Services LLC boosted its stake in shares of Air Products and Chemicals by 10.5% during the 2nd quarter. Insigneo Advisory Services LLC now owns 4,132 shares of the basic materials company’s stock worth $1,151,000 after acquiring an additional 392 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

NYSE:APD opened at $323.65 on Friday. The company has a market capitalization of $71.97 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 3.18 and a beta of 0.84. The company has a 50-day moving average of $309.74 and a 200-day moving average of $295.76. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

Air Products and Chemicals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a $1.79 dividend. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

Analysts Set New Price Targets

APD has been the subject of several analyst reports. Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $330.00 to $350.00 in a report on Tuesday, January 14th. BMO Capital Markets upped their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price target for the company from $305.00 to $365.00 in a report on Monday, October 7th. Finally, Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research note on Monday, October 7th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus price target of $332.71.

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.