Soltis Investment Advisors LLC Boosts Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Soltis Investment Advisors LLC increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,634 shares of the basic materials company’s stock after purchasing an additional 571 shares during the quarter. Air Products and Chemicals comprises about 0.8% of Soltis Investment Advisors LLC’s holdings, making the stock its 29th largest position. Soltis Investment Advisors LLC’s holdings in Air Products and Chemicals were worth $7,930,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Air Products and Chemicals during the third quarter valued at about $25,000. Meeder Asset Management Inc. bought a new stake in Air Products and Chemicals during the 2nd quarter worth approximately $32,000. Iron Horse Wealth Management LLC lifted its stake in 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 purchasing an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC grew its position in shares of Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Air Products and Chemicals in the third quarter worth $42,000. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on APD shares. Wells Fargo & Company upped their target price on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Barclays lifted 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 research note on Friday, November 8th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a research report on Monday, October 7th. Finally, Mizuho raised their target price 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. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Trading Down 0.5 %

Shares of NYSE:APD opened at $315.17 on Wednesday. The stock’s fifty day moving average price is $318.59 and its 200-day moving average price is $288.74. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $337.00. The company has a market cap of $70.09 billion, a P/E ratio of 18.34, a PEG ratio of 3.21 and a beta of 0.81. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors 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 2.25%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is currently 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.