Stableford Capital II LLC Decreases Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Stableford Capital II LLC cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,181 shares of the basic materials company’s stock after selling 63 shares during the period. Stableford Capital II LLC’s holdings in Air Products and Chemicals were worth $923,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in Air Products and Chemicals in the 3rd quarter worth $25,000. Raleigh Capital Management Inc. boosted its holdings in Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 43 shares in the last quarter. Iron Horse Wealth Management LLC boosted its stake in shares of Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of 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 acquiring an additional 50 shares during the period. Finally, Prospera Private Wealth LLC bought a new position in Air Products and Chemicals in the third quarter worth $42,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

NYSE APD opened at $335.36 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $74.58 billion, a P/E ratio of 19.52, a PEG ratio of 3.46 and a beta of 0.84. The company has a 50-day moving average price of $310.29 and a 200-day moving average price of $298.99. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $338.00.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a $1.79 dividend. The ex-dividend date is Tuesday, April 1st. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a yield of 2.14%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

Analyst Ratings Changes

APD has been the subject of a number of analyst reports. Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $315.00 to $365.00 in a research note on Friday, January 24th. Bank of America lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective for the company. in a research note on Monday, January 27th. 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. UBS Group raised their price target on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Mizuho upped their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $340.50.

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.