Newton One Investments LLC Purchases Shares of 131 Air Products and Chemicals, Inc. (NYSE:APD)

Newton One Investments LLC acquired a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 131 shares of the basic materials company’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Centaurus Financial Inc. boosted its stake in Air Products and Chemicals by 56.8% in the 2nd quarter. Centaurus Financial Inc. now owns 947 shares of the basic materials company’s stock worth $244,000 after purchasing an additional 343 shares during the period. Czech National Bank boosted its position in shares of Air Products and Chemicals by 6.9% during the third quarter. Czech National Bank now owns 45,287 shares of the basic materials company’s stock worth $13,484,000 after acquiring an additional 2,925 shares during the last quarter. GAMMA Investing LLC grew its stake in Air Products and Chemicals by 48.3% during the third quarter. GAMMA Investing LLC now owns 3,469 shares of the basic materials company’s stock valued at $1,033,000 after acquiring an additional 1,130 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in Air Products and Chemicals by 1.1% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 13,567 shares of the basic materials company’s stock valued at $4,039,000 after acquiring an additional 141 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its holdings in shares of Air Products and Chemicals by 23.3% during the 3rd quarter. Miracle Mile Advisors LLC now owns 1,511 shares of the basic materials company’s stock valued at $450,000 after purchasing an additional 286 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Performance

APD stock opened at $338.90 on Tuesday. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $339.10. The firm has a market cap of $75.37 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 3.55 and a beta of 0.85. The business’s fifty day simple moving average is $310.29 and its two-hundred day simple moving average is $299.41. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.11%. The ex-dividend date is Tuesday, April 1st. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. BMO Capital Markets lifted their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a report on Friday, October 25th. 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 report on Friday, January 24th. Citigroup upped their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $330.00 to $350.00 in a research note on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus 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.