Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,269 shares of the basic materials company’s stock after selling 403 shares during the quarter. Air Products and Chemicals comprises 2.2% of Brendel Financial Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Brendel Financial Advisors LLC’s holdings in Air Products and Chemicals were worth $3,559,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals in the 3rd quarter worth approximately $25,000. Iron Horse Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 55 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Air Products and Chemicals by 58.8% in the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 50 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Air Products and Chemicals in the 3rd quarter worth approximately $42,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Air Products and Chemicals in the 3rd quarter worth approximately $47,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 2.0 %

Shares of NYSE:APD opened at $307.83 on Wednesday. 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 company’s 50 day moving average is $309.35 and its two-hundred day moving average is $293.39. The company has a market cap of $68.46 billion, a PE ratio of 17.92, a P/E/G ratio of 3.13 and a beta of 0.84. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on APD. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $330.00 to $350.00 in a report on Tuesday. 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 upped their price objective for the stock from $295.00 to $364.00 in a report on Monday, October 7th. JPMorgan Chase & Co. reduced their target price on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Finally, UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $332.71.

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.