Iron Horse Wealth Management LLC Has $48,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Iron Horse Wealth Management LLC grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 41.0% during the fourth quarter, HoldingsChannel reports. The firm owned 165 shares of the basic materials company’s stock after buying an additional 48 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in Air Products and Chemicals were worth $48,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in Air Products and Chemicals by 106.3% in the fourth quarter. SG Americas Securities LLC now owns 13,494 shares of the basic materials company’s stock valued at $3,914,000 after buying an additional 6,952 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Air Products and Chemicals by 59.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock valued at $111,488,000 after acquiring an additional 139,223 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in Air Products and Chemicals during the 4th quarter worth $7,269,000. Forsta AP Fonden increased its holdings in Air Products and Chemicals by 13.4% in the 3rd quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock worth $13,607,000 after purchasing an additional 5,400 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its position in Air Products and Chemicals by 88.2% in the fourth quarter. Diversify Wealth Management LLC now owns 10,490 shares of the basic materials company’s stock valued at $3,074,000 after purchasing an additional 4,916 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Down 1.5 %

Air Products and Chemicals stock opened at $328.30 on Friday. The company has a market capitalization of $73.01 billion, a PE ratio of 19.11, a PEG ratio of 3.55 and a beta of 0.85. Air Products and Chemicals, Inc. has a 12-month low of $213.07 and a 12-month high of $341.14. The firm’s fifty day moving average is $310.40 and its 200 day moving average is $300.66. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.27). Air Products and Chemicals had a net margin of 31.64% and a return on equity of 16.34%. As a group, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.76 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently disclosed 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 2.18%. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 41.68%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target on the stock in a report on Friday, October 25th. BMO Capital Markets upped their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Barclays upgraded shares of 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 report on Friday, January 24th. Bank of America downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective for the company. in a report on Monday, January 27th. Finally, UBS Group upped their price target on Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.