Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC decreased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,596 shares of the basic materials company’s stock after selling 279 shares during the period. Kingsview Wealth Management LLC’s holdings in Air Products and Chemicals were worth $6,430,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Forsta AP Fonden boosted its stake in Air Products and Chemicals by 13.4% during the 3rd quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock worth $13,607,000 after purchasing an additional 5,400 shares during the period. Jensen Investment Management Inc. boosted its stake in Air Products and Chemicals by 65.0% during the 3rd quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock worth $3,921,000 after purchasing an additional 5,190 shares during the period. Woodstock Corp boosted its stake in Air Products and Chemicals by 6.5% during the 3rd quarter. Woodstock Corp now owns 38,976 shares of the basic materials company’s stock worth $11,605,000 after purchasing an additional 2,387 shares during the period. Impax Asset Management Group plc acquired a new stake in Air Products and Chemicals during the 3rd quarter worth $3,234,000. Finally, ZWJ Investment Counsel Inc. boosted its stake in Air Products and Chemicals by 33.8% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 51,110 shares of the basic materials company’s stock worth $15,217,000 after purchasing an additional 12,925 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD opened at $331.83 on Friday. The company has a 50-day simple moving average of $310.63 and a 200-day simple moving average of $282.91. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $73.77 billion, a PE ratio of 19.31, a P/E/G ratio of 3.30 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.69.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.13%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.21%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. 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 note on Monday, October 7th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a research note on Monday, October 7th. UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective for the company in a research report on Monday, November 18th. Barclays upped their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $331.53.

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.