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

Janney Capital Management LLC lessened its position in Air Products and Chemicals, Inc. (NYSE:APD) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,061 shares of the basic materials company’s stock after selling 3,497 shares during the period. Janney Capital Management LLC’s holdings in Air Products and Chemicals were worth $14,810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of APD. Truvestments Capital LLC purchased a new position in shares of Air Products and Chemicals during the 3rd quarter worth $25,000. Iron Horse Wealth Management LLC lifted its position in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares during the period. Fortitude Family Office LLC boosted its stake in 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 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 valued at about $42,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Air Products and Chemicals during the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on APD shares. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a report on Friday, October 25th. Barclays upped their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. BMO Capital Markets lifted their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a research note on Monday, November 18th. Finally, Citigroup lifted their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $332.71.

Air Products and Chemicals Stock Performance

APD stock opened at $318.12 on Wednesday. The stock’s 50 day simple moving average is $309.66 and its 200 day simple moving average is $295.61. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $337.00. The firm has a market cap of $70.74 billion, a P/E ratio of 18.56, a P/E/G ratio of 3.16 and a beta of 0.84. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be given a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.23%. Air Products and Chemicals’s 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.