Abner Herrman & Brock LLC Acquires 229 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Abner Herrman & Brock LLC raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,163 shares of the basic materials company’s stock after buying an additional 229 shares during the quarter. Abner Herrman & Brock LLC’s holdings in Air Products and Chemicals were worth $10,199,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Air Products and Chemicals by 1.9% in the third quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company’s stock worth $1,448,570,000 after acquiring an additional 88,806 shares during the period. Pathway Financial Advisers LLC increased its position in Air Products and Chemicals by 29,954.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after purchasing an additional 2,884,581 shares during the period. Raymond James & Associates lifted its position in shares of Air Products and Chemicals by 1.7% in the 3rd quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock worth $608,312,000 after purchasing an additional 33,313 shares during the period. National Bank of Canada FI boosted its stake in shares of Air Products and Chemicals by 3.9% in the 3rd quarter. National Bank of Canada FI now owns 1,867,290 shares of the basic materials company’s stock valued at $555,967,000 after purchasing an additional 70,759 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Air Products and Chemicals by 1.2% during the third quarter. Stifel Financial Corp now owns 1,633,381 shares of the basic materials company’s stock worth $486,343,000 after buying an additional 19,209 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 0.1 %

NYSE APD opened at $335.36 on Monday. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $338.00. The company has a fifty day simple moving average of $310.29 and a two-hundred day simple moving average of $299.21. 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 has a market cap of $74.58 billion, a P/E ratio of 19.52, a P/E/G ratio of 3.46 and a beta of 0.84.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a yield of 2.14%. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.68%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on APD shares. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research report on Friday, October 25th. Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $330.00 to $350.00 in a report on Tuesday, January 14th. Bank of America lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective for the company. in a research note on Monday, January 27th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Finally, Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the company from $295.00 to $364.00 in a report on Monday, October 7th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $340.50.

Air Products and Chemicals 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.