Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 51.3% in the 4th quarter, Holdings Channel reports. The firm owned 4,493 shares of the basic materials company’s stock after selling 4,728 shares during the period. Diversify Advisory Services LLC’s holdings in Air Products and Chemicals were worth $1,317,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of Air Products and Chemicals during the third quarter worth about $25,000. Iron Horse Wealth Management LLC lifted its holdings 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 buying an additional 55 shares during the period. Fortitude Family Office LLC boosted its position in shares of Air Products and Chemicals by 58.8% during the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 50 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Air Products and Chemicals in the third quarter valued at about $42,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth $47,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays lifted their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their target price for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Mizuho upped their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price target for the stock 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 thirteen have given a buy rating to the company. According to data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $332.71.

Air Products and Chemicals Stock Performance

Shares of APD opened at $317.11 on Tuesday. The stock has a market capitalization of $70.52 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.88 and a beta of 0.84. The business’s fifty day moving average price is $309.42 and its 200 day moving average price is $294.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $337.00.

Air Products and Chemicals Announces Dividend

The firm 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 $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

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.