Oak Thistle LLC Makes New $637,000 Investment in Air Products and Chemicals, Inc. (NYSE:APD)

Oak Thistle LLC acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,197 shares of the basic materials company’s stock, valued at approximately $637,000.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Air Products and Chemicals by 59.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock valued at $111,488,000 after purchasing an additional 139,223 shares during the last quarter. Forsta AP Fonden lifted its holdings in shares of 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 valued at $13,607,000 after buying an additional 5,400 shares during the period. Jensen Investment Management Inc. boosted its stake in shares of Air Products and Chemicals by 65.0% in the third quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock worth $3,921,000 after buying an additional 5,190 shares during the last quarter. World Investment Advisors LLC grew its holdings in Air Products and Chemicals by 1,205.1% during the third quarter. World Investment Advisors LLC now owns 38,423 shares of the basic materials company’s stock worth $11,440,000 after acquiring an additional 35,479 shares during the period. Finally, Townsquare Capital LLC raised its position in Air Products and Chemicals by 3.9% during the third quarter. Townsquare Capital LLC now owns 44,661 shares of the basic materials company’s stock valued at $13,297,000 after acquiring an additional 1,662 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

NYSE:APD opened at $307.07 on Thursday. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The stock has a market cap of $68.29 billion, a PE ratio of 17.87, a P/E/G ratio of 3.13 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The stock has a 50 day moving average price of $309.35 and a 200 day moving average price of $293.39.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued 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 2.31%. Air Products and Chemicals’s dividend payout ratio is presently 41.21%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Citigroup raised their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target on the stock in a research report on Friday, October 25th. Barclays increased their target price on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Mizuho lifted their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Finally, UBS Group raised 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. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $332.71.

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.