Tandem Capital Management Corp ADV Lowers Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Tandem Capital Management Corp ADV decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 46.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,310 shares of the basic materials company’s stock after selling 1,133 shares during the period. Tandem Capital Management Corp ADV’s holdings in Air Products and Chemicals were worth $380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in shares of Air Products and Chemicals in the 3rd quarter valued at about $25,000. Raleigh Capital Management Inc. increased its position in shares of Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 43 shares in the last quarter. Financial Life Planners acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $31,000. Iron Horse Wealth Management LLC lifted 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 valued at $35,000 after buying an additional 55 shares in the last quarter. Finally, Fortitude Family Office LLC grew 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 acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on APD shares. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the company from $295.00 to $364.00 in a report on Monday, October 7th. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research note on Monday, October 7th. JPMorgan Chase & Co. decreased their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. UBS Group raised their price target on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $330.00 to $350.00 in a research note on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $340.50.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $338.90 on Tuesday. The stock has a market cap of $75.37 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 3.55 and a beta of 0.85. The company has a fifty day simple moving average of $310.29 and a 200-day simple moving average of $299.41. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $339.10. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s payout ratio is 41.21%.

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.