Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Fidelity D & D Bancorp Inc.

Fidelity D & D Bancorp Inc. grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,555 shares of the basic materials company’s stock after acquiring an additional 57 shares during the period. Fidelity D & D Bancorp Inc.’s holdings in Air Products and Chemicals were worth $463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truvestments Capital LLC bought a new position in Air Products and Chemicals during the 3rd quarter valued at $25,000. Iron Horse Wealth Management LLC raised its stake in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Air Products and Chemicals during the second quarter worth about $32,000. Prospera Private Wealth LLC acquired a new position in Air Products and Chemicals in the third quarter worth about $42,000. Finally, Trifecta Capital Advisors LLC increased its holdings in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after buying an additional 136 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD traded down $0.68 on Friday, hitting $310.21. The company’s stock had a trading volume of 23,202 shares, compared to its average volume of 1,589,144. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $337.00. The stock’s 50-day moving average is $320.02 and its two-hundred day moving average is $289.41. 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 company has a market capitalization of $68.98 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 3.13 and a beta of 0.81.

Air Products and Chemicals Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a report on Monday, October 7th. BMO Capital Markets lifted 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. 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 report on Friday, November 8th. Wells Fargo & Company lifted their price target on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Finally, Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $331.53.

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.