Childress Capital Advisors LLC Sells 58 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Childress Capital Advisors LLC trimmed its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 7.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 705 shares of the basic materials company’s stock after selling 58 shares during the period. Childress Capital Advisors LLC’s holdings in Air Products and Chemicals were worth $204,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Truvestments Capital LLC bought a new stake in shares of Air Products and Chemicals in the third quarter worth approximately $25,000. Raleigh Capital Management Inc. grew its position in Air Products and Chemicals by 69.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 43 shares during the period. Financial Life Planners purchased a new stake in Air Products and Chemicals during the 4th quarter valued at $31,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares during the period. Finally, Fortitude Family Office LLC lifted its holdings in shares of Air Products and Chemicals by 58.8% during the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.8 %

NYSE APD opened at $335.45 on Wednesday. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $341.14. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The stock has a market cap of $74.60 billion, a PE ratio of 19.53, a P/E/G ratio of 3.55 and a beta of 0.85. The stock’s 50 day moving average is $310.39 and its 200 day moving average is $299.92.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.13%. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on APD. Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $315.00 to $365.00 in a research report on Friday, January 24th. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a research report on Friday, October 25th. BMO Capital Markets raised their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Sanford C. Bernstein raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued 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 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.