Olistico Wealth LLC Has $345,000 Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Olistico Wealth LLC raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 9.2% in the 4th quarter, HoldingsChannel reports. The fund owned 1,190 shares of the basic materials company’s stock after buying an additional 100 shares during the quarter. Olistico Wealth LLC’s holdings in Air Products and Chemicals were worth $345,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of APD. Geode Capital Management LLC increased its holdings in shares of Air Products and Chemicals by 1.9% in the third quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company’s stock valued at $1,448,570,000 after purchasing an additional 88,806 shares in the last quarter. Pathway Financial Advisers LLC increased its stake in shares of Air Products and Chemicals by 29,954.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after buying an additional 2,884,581 shares during the period. Raymond James & Associates raised its position in shares of Air Products and Chemicals by 1.7% during the third quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock worth $608,312,000 after acquiring an additional 33,313 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Air Products and Chemicals by 25.2% during the second quarter. Clearbridge Investments LLC now owns 1,936,582 shares of the basic materials company’s stock valued at $499,735,000 after acquiring an additional 389,380 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Air Products and Chemicals by 3.9% in the third quarter. National Bank of Canada FI now owns 1,867,290 shares of the basic materials company’s stock valued at $555,967,000 after acquiring an additional 70,759 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

APD has been the subject of several recent research reports. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a report on Monday, October 7th. Barclays boosted their price target 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. UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective on the stock in a research note on Monday, November 18th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a research report on Friday, October 25th. Finally, Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price target for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $332.71.

Air Products and Chemicals Trading Down 0.9 %

Shares of NYSE:APD opened at $316.87 on Thursday. 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 debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The company has a market capitalization of $70.46 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. The company has a 50-day simple moving average of $309.66 and a 200 day simple moving average of $295.61.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $1.79 per share. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a dividend yield of 2.26%. Air Products and Chemicals’s payout ratio is currently 41.21%.

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.