Air Products and Chemicals, Inc. (NYSE:APD) is A. D. Beadell Investment Counsel Inc.’s 5th Largest Position

A. D. Beadell Investment Counsel Inc. lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.6% during the 4th quarter, HoldingsChannel reports. The firm owned 12,882 shares of the basic materials company’s stock after selling 75 shares during the quarter. Air Products and Chemicals accounts for about 3.0% of A. D. Beadell Investment Counsel Inc.’s investment portfolio, making the stock its 5th biggest holding. A. D. Beadell Investment Counsel Inc.’s holdings in Air Products and Chemicals were worth $3,736,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in APD. Acadian Asset Management LLC boosted its stake in shares of Air Products and Chemicals by 127.6% during the 2nd quarter. Acadian Asset Management LLC now owns 7,529 shares of the basic materials company’s stock worth $1,940,000 after acquiring an additional 4,221 shares in the last quarter. Royal London Asset Management Ltd. increased its position in shares of Air Products and Chemicals by 39.9% in the second quarter. Royal London Asset Management Ltd. now owns 37,519 shares of the basic materials company’s stock valued at $9,615,000 after buying an additional 10,696 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Air Products and Chemicals by 1.7% during the 2nd quarter. Coldstream Capital Management Inc. now owns 4,772 shares of the basic materials company’s stock worth $1,231,000 after buying an additional 78 shares during the period. MGO One Seven LLC lifted its position in shares of Air Products and Chemicals by 85.8% during the 2nd quarter. MGO One Seven LLC now owns 16,030 shares of the basic materials company’s stock valued at $4,137,000 after buying an additional 7,404 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Air Products and Chemicals by 2.5% in the 2nd quarter. American Century Companies Inc. now owns 41,220 shares of the basic materials company’s stock valued at $10,637,000 after acquiring an additional 999 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Up 2.0 %

Shares of NYSE:APD traded up $5.73 during midday trading on Friday, reaching $290.98. 563,915 shares of the company’s stock were exchanged, compared to its average volume of 1,131,745. The firm’s 50 day simple moving average is $309.73 and its two-hundred day simple moving average is $292.23. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The stock has a market cap of $64.71 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 3.13 and a beta of 0.84.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APD. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $305.00 to $365.00 in a report on Monday, October 7th. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research note on Monday, October 7th. BMO Capital Markets boosted their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Citigroup raised their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Mizuho boosted their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $331.53.

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.