Hager Investment Management Services LLC Makes New Investment in Air Products and Chemicals, Inc. (NYSE:APD)

Hager Investment Management Services LLC bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 135 shares of the basic materials company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of Air Products and Chemicals by 1.9% during the third quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company’s stock valued at $1,448,570,000 after purchasing an additional 88,806 shares during the period. Pathway Financial Advisers LLC increased its position in Air Products and Chemicals by 29,954.1% in 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 raised its stake in Air Products and Chemicals by 1.7% during the 3rd quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock worth $608,312,000 after buying an additional 33,313 shares during the period. National Bank of Canada FI boosted 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 acquiring an additional 70,759 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Air Products and Chemicals by 1.2% in the third quarter. Stifel Financial Corp now owns 1,633,381 shares of the basic materials company’s stock worth $486,343,000 after acquiring an additional 19,209 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Trading Down 0.7 %

NYSE APD opened at $333.45 on Thursday. The stock has a market capitalization of $74.15 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 3.55 and a beta of 0.85. The business’s fifty day moving average is $310.40 and its 200-day moving average is $300.43. 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, Inc. has a one year low of $212.24 and a one year high of $341.14.

Air Products and Chemicals Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Mizuho upped their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Citigroup upped their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. reduced their price objective on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Barclays upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $315.00 to $365.00 in a report on Friday, January 24th. Finally, UBS Group lifted their price target on Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $340.50.

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.