Air Products and Chemicals, Inc. (NYSE:APD) Stock Holdings Increased by Delta Capital Management LLC

Delta Capital Management LLC lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 0.4% in the 4th quarter, HoldingsChannel reports. The firm owned 11,940 shares of the basic materials company’s stock after purchasing an additional 50 shares during the quarter. Air Products and Chemicals makes up 1.3% of Delta Capital Management LLC’s portfolio, making the stock its 17th largest holding. Delta Capital Management LLC’s holdings in Air Products and Chemicals were worth $3,463,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in Air Products and Chemicals during the third quarter worth approximately $25,000. Iron Horse Wealth Management LLC increased 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 purchasing an additional 55 shares during the period. Fortitude Family Office LLC raised its stake in shares of 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 worth $39,000 after buying an additional 50 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Air Products and Chemicals in the third quarter valued at $42,000. Finally, Reston Wealth Management LLC bought a new position in Air Products and Chemicals during the third quarter valued at about $47,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

APD opened at $317.11 on Friday. 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 1 year low of $212.24 and a 1 year high of $337.00. The stock has a fifty day moving average price of $309.42 and a 200 day moving average price of $294.10. The stock has a market cap of $70.52 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.88 and a beta of 0.84.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed 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. This represents a $7.08 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is presently 41.21%.

Analysts Set New Price Targets

APD has been the topic of a number of research reports. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a report on Monday, October 7th. JPMorgan Chase & Co. reduced their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. BMO Capital Markets lifted their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, Barclays upped their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $332.71.

Air Products and Chemicals 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.