Fiduciary Financial Group LLC Sells 282 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Fiduciary Financial Group LLC cut its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 22.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 981 shares of the basic materials company’s stock after selling 282 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Air Products and Chemicals were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in APD. American Century Companies Inc. grew its stake in shares of Air Products and Chemicals by 2.5% in the second quarter. American Century Companies Inc. now owns 41,220 shares of the basic materials company’s stock worth $10,637,000 after acquiring an additional 999 shares during the period. Dimensional Fund Advisors LP grew its position in Air Products and Chemicals by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,181,985 shares of the basic materials company’s stock valued at $305,094,000 after buying an additional 84,176 shares during the period. Stock Yards Bank & Trust Co. grew its position in Air Products and Chemicals by 2.5% during the second quarter. Stock Yards Bank & Trust Co. now owns 9,801 shares of the basic materials company’s stock valued at $2,529,000 after buying an additional 240 shares during the period. Axxcess Wealth Management LLC grew its position in Air Products and Chemicals by 93.6% during the second quarter. Axxcess Wealth Management LLC now owns 2,764 shares of the basic materials company’s stock valued at $713,000 after buying an additional 1,336 shares during the period. Finally, Argent Trust Co grew its position in Air Products and Chemicals by 7.2% during the second quarter. Argent Trust Co now owns 13,971 shares of the basic materials company’s stock valued at $3,605,000 after buying an additional 942 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Down 0.3 %

APD stock opened at $307.07 on Thursday. 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, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00. The stock has a market capitalization of $68.29 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. The firm’s fifty day simple moving average is $309.35 and its two-hundred day simple moving average is $293.39.

Air Products and Chemicals Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their target price for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Redburn Atlantic raised 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 report on Friday, October 25th. UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a report on Monday, November 18th. JPMorgan Chase & Co. lowered their target price on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Finally, Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $332.71.

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.