Mattern Wealth Management LLC Sells 45 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Mattern Wealth Management LLC reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,079 shares of the basic materials company’s stock after selling 45 shares during the period. Mattern Wealth Management LLC’s holdings in Air Products and Chemicals were worth $893,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Air Products and Chemicals by 1.9% in the third quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company’s stock worth $1,448,570,000 after buying an additional 88,806 shares during the period. Pathway Financial Advisers LLC increased its position in Air Products and Chemicals by 29,954.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after buying an additional 2,884,581 shares in the last quarter. Raymond James & Associates boosted its stake in Air Products and Chemicals by 1.7% in the 3rd quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock worth $608,312,000 after purchasing an additional 33,313 shares in the last quarter. Clearbridge Investments LLC grew its position in Air Products and Chemicals by 25.2% during the 2nd quarter. Clearbridge Investments LLC now owns 1,936,582 shares of the basic materials company’s stock valued at $499,735,000 after purchasing an additional 389,380 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in Air Products and Chemicals by 3.9% in the third quarter. National Bank of Canada FI now owns 1,867,290 shares of the basic materials company’s stock worth $555,967,000 after buying an additional 70,759 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.8 %

Shares of APD stock opened at $326.61 on Tuesday. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $337.00. The company has a 50-day moving average of $310.14 and a two-hundred day moving average of $297.05. The firm has a market cap of $72.63 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. This represents a $7.16 annualized dividend and a yield of 2.19%. Air Products and Chemicals’s dividend payout ratio is 41.21%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective 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. Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $315.00 to $365.00 in a research note on Friday. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price target for the company from $295.00 to $364.00 in a report on Monday, October 7th. BMO Capital Markets raised 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. Finally, Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus price target of $337.88.

About Air Products and Chemicals

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.