Wilmington Savings Fund Society FSB Has $6.23 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Wilmington Savings Fund Society FSB boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,485 shares of the basic materials company’s stock after purchasing an additional 186 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Air Products and Chemicals were worth $6,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in Air Products and Chemicals during the third quarter worth $25,000. Raleigh Capital Management Inc. raised its stake in shares of Air Products and Chemicals by 69.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 43 shares in the last quarter. Financial Life Planners acquired a new stake in Air Products and Chemicals in the 4th quarter worth approximately $31,000. Iron Horse Wealth Management LLC lifted its holdings in Air Products and Chemicals by 88.7% in the 3rd 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 during the last quarter. Finally, Newton One Investments LLC bought a new stake in Air Products and Chemicals during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $310.66 on Friday. The firm has a market capitalization of $69.09 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 3.47 and a beta of 0.85. The company has a quick ratio of 1.34, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a 12-month low of $213.80 and a 12-month high of $341.14. The firm has a 50-day moving average price of $309.83 and a 200 day moving average price of $301.29.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, February 6th. The basic materials company reported $2.86 EPS for the quarter, missing the consensus estimate of $3.13 by ($0.27). Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. Research analysts anticipate that Air Products and Chemicals, Inc. will post 12.77 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.30%. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.11%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. BMO Capital Markets cut shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research note on Friday. StockNews.com cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday. Bank of America cut 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 report on Monday, January 27th. Wells Fargo & Company raised their target price on Air Products and Chemicals from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Friday. Finally, Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $315.00 to $365.00 in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average price target of $339.94.

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.