Windward Capital Management Co. CA Has $510,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Windward Capital Management Co. CA decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,758 shares of the basic materials company’s stock after selling 121 shares during the period. Windward Capital Management Co. CA’s holdings in Air Products and Chemicals were worth $510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Air Products and Chemicals by 1.9% during the 3rd 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 buying an additional 88,806 shares during the last quarter. Pathway Financial Advisers LLC raised its position in Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after acquiring an additional 2,884,581 shares in the last quarter. Raymond James & Associates lifted its stake in Air Products and Chemicals by 1.7% in the third quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock valued at $608,312,000 after acquiring an additional 33,313 shares during the last quarter. National Bank of Canada FI grew its position 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 increased its stake in shares of Air Products and Chemicals by 1.2% during the 3rd quarter. Stifel Financial Corp now owns 1,633,381 shares of the basic materials company’s stock worth $486,343,000 after purchasing an additional 19,209 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.8 %

Shares of APD opened at $335.45 on Wednesday. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $341.14. The firm has a market capitalization of $74.60 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.55 and a beta of 0.85. The company has a 50-day simple moving average of $310.39 and a 200-day simple moving average of $299.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

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 given a $1.79 dividend. 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%. 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 Analyst Weigh In

Several equities research analysts recently issued reports on the stock. 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. JPMorgan Chase & Co. reduced their price target on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. UBS Group increased their price objective on Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Sanford C. Bernstein upgraded 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, Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $330.00 to $350.00 in a report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and an average price target of $340.50.

Air Products and Chemicals Company 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.