Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 10.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,276 shares of the basic materials company’s stock after selling 1,001 shares during the period. Independence Bank of Kentucky’s holdings in Air Products and Chemicals were worth $2,400,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. SG Americas Securities LLC grew its position in shares of Air Products and Chemicals by 106.3% during the fourth quarter. SG Americas Securities LLC now owns 13,494 shares of the basic materials company’s stock worth $3,914,000 after acquiring an additional 6,952 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Air Products and Chemicals by 59.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock worth $111,488,000 after purchasing an additional 139,223 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in Air Products and Chemicals in the 4th quarter valued at approximately $7,269,000. Forsta AP Fonden raised its stake in shares of Air Products and Chemicals by 13.4% during the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock valued at $13,607,000 after purchasing an additional 5,400 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its position in shares of Air Products and Chemicals by 88.2% during the 4th quarter. Diversify Wealth Management LLC now owns 10,490 shares of the basic materials company’s stock worth $3,074,000 after buying an additional 4,916 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.1 %

APD stock opened at $335.36 on Friday. The company has a 50 day moving average of $310.29 and a two-hundred day moving average of $298.99. The company has a market cap of $74.58 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 3.46 and a beta of 0.84. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $338.00. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.14%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Bank of America lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective on the stock. in a research note on Monday, January 27th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a research note on Friday, October 25th. Barclays raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $315.00 to $365.00 in a research note on Friday, January 24th. UBS Group upped their price target on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday. Finally, 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. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.50.

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.