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

Stratos Investment Management LLC cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 870 shares of the basic materials company’s stock after selling 80 shares during the period. Stratos Investment Management LLC’s holdings in Air Products and Chemicals were worth $253,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of APD. Truvestments Capital LLC acquired a new stake in shares of Air Products and Chemicals during the third quarter valued at about $25,000. Raleigh Capital Management Inc. grew its stake in shares of Air Products and Chemicals by 69.4% during 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. Financial Life Planners acquired a new stake in shares of Air Products and Chemicals during the fourth quarter valued at about $31,000. Iron Horse Wealth Management LLC grew 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 worth $35,000 after purchasing an additional 55 shares in the last quarter. Finally, Newton One Investments LLC acquired a new position in Air Products and Chemicals in the fourth quarter worth about $38,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

APD opened at $333.45 on Thursday. The business’s 50 day moving average is $310.40 and its 200-day moving average is $300.43. The stock has a market cap of $74.15 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 3.55 and a beta of 0.85. 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, Inc. has a twelve month low of $212.24 and a twelve month high of $341.14.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Tuesday, April 1st. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s payout ratio is 41.21%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $315.00 to $365.00 in a research note on Friday, January 24th. Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $330.00 to $350.00 in a research note on Tuesday, January 14th. Bank of America downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price target for the company. in a research note on Monday, January 27th. BMO Capital Markets lifted their price target 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, UBS Group lifted their price target on Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals 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.