Archford Capital Strategies LLC Raises Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Archford Capital Strategies LLC boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,835 shares of the basic materials company’s stock after acquiring an additional 91 shares during the quarter. Archford Capital Strategies LLC’s holdings in Air Products and Chemicals were worth $1,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of APD. Truvestments Capital LLC bought a new position in shares of Air Products and Chemicals in the 3rd quarter worth approximately $25,000. Raleigh Capital Management Inc. raised its position in shares of Air Products and Chemicals by 69.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 43 shares in the last quarter. Iron Horse Wealth Management LLC raised its position 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 worth $35,000 after acquiring an additional 55 shares in the last quarter. Fortitude Family Office LLC increased its position in 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 valued at $39,000 after buying an additional 50 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new position in Air Products and Chemicals during the 3rd quarter valued at approximately $42,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Up 1.6 %

Shares of NYSE APD opened at $329.29 on Friday. 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 has a market capitalization of $73.23 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 3.16 and a beta of 0.84. The stock has a 50 day moving average price of $310.14 and a 200 day moving average price of $296.47. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $337.00.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be issued a $1.79 dividend. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.17%. Air Products and Chemicals’s payout ratio is presently 41.68%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on APD shares. Citigroup raised their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a research report on Monday, October 7th. UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a report on Monday, November 18th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a report on Friday, October 25th. Finally, BMO Capital Markets lifted their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus target price of $335.65.

Air Products and Chemicals Company 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.