Fiduciary Trust Co Purchases 1,032 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Fiduciary Trust Co boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,370 shares of the basic materials company’s stock after purchasing an additional 1,032 shares during the period. Fiduciary Trust Co’s holdings in Air Products and Chemicals were worth $12,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Jacobs Levy Equity Management Inc. bought a new position in shares of Air Products and Chemicals in the first quarter worth about $281,000. B. Riley Wealth Advisors Inc. increased its position in shares of Air Products and Chemicals by 8.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 5,731 shares of the basic materials company’s stock worth $1,388,000 after acquiring an additional 449 shares during the period. Tidal Investments LLC boosted its holdings in shares of Air Products and Chemicals by 16.2% in the first quarter. Tidal Investments LLC now owns 17,332 shares of the basic materials company’s stock valued at $4,199,000 after purchasing an additional 2,411 shares during the period. LRI Investments LLC purchased a new position in Air Products and Chemicals during the 1st quarter worth $124,000. Finally, Swedbank AB purchased a new stake in shares of Air Products and Chemicals in the 1st quarter worth $15,910,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $333.20 on Thursday. The firm has a market capitalization of $74.10 billion, a P/E ratio of 19.39, a PEG ratio of 3.35 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $336.42. 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 company has a 50 day moving average price of $313.32 and a 200 day moving average price of $284.69.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.12%. Air Products and Chemicals’s payout ratio is currently 41.21%.

Analyst Upgrades and Downgrades

APD has been the subject of several recent research reports. Barclays lifted their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. The Goldman Sachs Group upped their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective on the stock in a report on Monday, November 18th. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research note on Friday, October 25th. Finally, BMO Capital Markets increased their target price on 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. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average price target of $331.53.

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.