Wilmington Savings Fund Society FSB Acquires 15,791 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Wilmington Savings Fund Society FSB increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 286.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 21,299 shares of the basic materials company’s stock after buying an additional 15,791 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Air Products and Chemicals were worth $6,342,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Truvestments Capital LLC bought a new position in Air Products and Chemicals during the third quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals in the second quarter worth about $32,000. Iron Horse Wealth Management LLC grew its stake 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 purchasing an additional 55 shares during the period. Trifecta Capital Advisors LLC increased 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 during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Air Products and Chemicals in the 3rd quarter worth approximately $42,000. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

APD has been the subject of several recent research reports. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their target price for the company from $295.00 to $364.00 in a research report on Monday, October 7th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. BMO Capital Markets raised 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. 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 report on Monday, October 7th. Finally, Wells Fargo & Company upped their price target on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $310.77 on Friday. The firm’s fifty day moving average is $320.02 and its two-hundred day moving average is $289.41. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $337.00. The company has a market cap of $69.11 billion, a P/E ratio of 18.09, a P/E/G ratio of 3.21 and a beta of 0.81. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is presently 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.