Tokio Marine Asset Management Co. Ltd. Boosts Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,401 shares of the basic materials company’s stock after acquiring an additional 166 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Air Products and Chemicals were worth $2,727,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new position in shares of Air Products and Chemicals during the 3rd quarter valued at approximately $25,000. Raleigh Capital Management Inc. increased its stake in shares of Air Products and Chemicals by 69.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing 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% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Air Products and Chemicals by 58.8% in 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 acquired a new stake in Air Products and Chemicals in the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.1 %

Air Products and Chemicals stock opened at $335.36 on Monday. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $338.00. The firm has a 50 day moving average price of $310.29 and a 200 day moving average price of $299.21. The company has a market capitalization of $74.58 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 3.46 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.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be paid a $1.79 dividend. This is an increase 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 annualized dividend and a dividend yield of 2.14%. Air Products and Chemicals’s payout ratio is 41.68%.

Analysts Set New Price Targets

APD has been the topic of a number of research analyst reports. Citigroup lifted their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Redburn Atlantic raised shares of 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. UBS Group raised their price target on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Sanford C. Bernstein raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price objective for the company in a research note on Friday. Finally, Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the company from $305.00 to $365.00 in a report on Monday, October 7th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $340.50.

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.