2,345 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Acquired by Flywheel Private Wealth LLC

Flywheel Private Wealth LLC purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the fourth quarter, Holdings Channel reports. The fund purchased 2,345 shares of the basic materials company’s stock, valued at approximately $680,000. Air Products and Chemicals comprises about 0.6% of Flywheel Private Wealth LLC’s holdings, making the stock its 28th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in shares of Air Products and Chemicals during the 3rd quarter worth $25,000. Iron Horse Wealth Management LLC raised its stake in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in Air Products and Chemicals by 58.8% during the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after buying an additional 50 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth about $42,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Air Products and Chemicals in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

APD has been the subject of a number of research analyst reports. Mizuho upped their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research report on Friday, October 25th. BMO Capital Markets increased their target price on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Barclays boosted their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, Citigroup raised their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average target price of $332.71.

Air Products and Chemicals Trading Down 0.3 %

NYSE:APD opened at $307.07 on Thursday. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $337.00. 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’s 50 day simple moving average is $309.35 and its 200-day simple moving average is $293.39. The firm has a market cap of $68.29 billion, a P/E ratio of 17.87, a PEG ratio of 3.13 and a beta of 0.84.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be paid a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a yield of 2.31%. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

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.