3,148 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Bought by USA Financial Formulas

USA Financial Formulas acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 4th quarter, HoldingsChannel reports. The firm acquired 3,148 shares of the basic materials company’s stock, valued at approximately $913,000.

Other hedge funds have also recently bought and sold shares of the company. Burney Co. boosted its holdings in Air Products and Chemicals by 355.7% during the fourth quarter. Burney Co. now owns 8,813 shares of the basic materials company’s stock worth $2,556,000 after purchasing an additional 6,879 shares during the last quarter. S.E.E.D. Planning Group LLC lifted its position in shares of Air Products and Chemicals by 29.0% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 6,942 shares of the basic materials company’s stock worth $2,013,000 after buying an additional 1,559 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Air Products and Chemicals by 39.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,705 shares of the basic materials company’s stock worth $2,525,000 after buying an additional 2,454 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Air Products and Chemicals by 29.0% in the fourth quarter. Park Avenue Securities LLC now owns 12,027 shares of the basic materials company’s stock valued at $3,488,000 after acquiring an additional 2,704 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its position in shares of Air Products and Chemicals by 7.4% during the fourth quarter. Kathmere Capital Management LLC now owns 1,502 shares of the basic materials company’s stock valued at $436,000 after acquiring an additional 104 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $330.00 to $350.00 in a research report on Tuesday. Barclays boosted their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. 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. Mizuho boosted their target price on shares of 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, Citigroup upped their price objective on 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. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average price target of $332.71.

Air Products and Chemicals Trading Down 0.3 %

Air Products and Chemicals stock opened at $307.07 on Thursday. The stock has a market cap of $68.29 billion, a P/E ratio of 17.87, a PEG 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 firm’s fifty day moving average price is $309.35 and its 200-day moving average price is $293.39. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.31%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.21%.

About Air Products and Chemicals

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.