Marion Wealth Management Purchases 37 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Marion Wealth Management grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,376 shares of the basic materials company’s stock after buying an additional 37 shares during the quarter. Marion Wealth Management’s holdings in Air Products and Chemicals were worth $1,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APD. Acadian Asset Management LLC boosted its stake in Air Products and Chemicals by 127.6% in the second quarter. Acadian Asset Management LLC now owns 7,529 shares of the basic materials company’s stock valued at $1,940,000 after acquiring an additional 4,221 shares during the last quarter. American Century Companies Inc. grew its holdings in Air Products and Chemicals by 2.5% during the second quarter. American Century Companies Inc. now owns 41,220 shares of the basic materials company’s stock valued at $10,637,000 after purchasing an additional 999 shares during the period. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals during the second quarter valued at $32,000. DekaBank Deutsche Girozentrale increased its position in Air Products and Chemicals by 6.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 51,384 shares of the basic materials company’s stock worth $13,515,000 after buying an additional 2,912 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Air Products and Chemicals by 13.9% in the second quarter. Parallel Advisors LLC now owns 4,958 shares of the basic materials company’s stock valued at $1,279,000 after buying an additional 604 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on APD shares. JPMorgan Chase & Co. decreased their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, November 8th. 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. Mizuho upped their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Trading Up 3.0 %

Shares of APD traded up $8.79 during mid-day trading on Monday, reaching $301.87. The company’s stock had a trading volume of 2,290,322 shares, compared to its average volume of 1,566,235. 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, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00. The company’s fifty day moving average price is $309.41 and its two-hundred day moving average price is $292.76. The stock has a market cap of $67.13 billion, a PE ratio of 17.57, a P/E/G ratio of 3.13 and a beta of 0.84.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 annualized dividend and a yield of 2.35%. Air Products and Chemicals’s payout ratio is 41.21%.

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.