Choreo LLC Raises Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Choreo LLC increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,639 shares of the basic materials company’s stock after buying an additional 1,475 shares during the period. Choreo LLC’s holdings in Air Products and Chemicals were worth $5,389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in APD. Czech National Bank lifted its position in shares of Air Products and Chemicals by 6.9% in the 3rd quarter. Czech National Bank now owns 45,287 shares of the basic materials company’s stock worth $13,484,000 after purchasing an additional 2,925 shares during the period. Miracle Mile Advisors LLC raised its stake in Air Products and Chemicals by 23.3% in the third quarter. Miracle Mile Advisors LLC now owns 1,511 shares of the basic materials company’s stock worth $450,000 after buying an additional 286 shares in the last quarter. Aprio Wealth Management LLC bought a new stake in Air Products and Chemicals during the 3rd quarter valued at $220,000. Callan Family Office LLC purchased a new position in shares of Air Products and Chemicals in the 3rd quarter valued at $233,000. Finally, O Keefe Stevens Advisory Inc. raised its position in shares of Air Products and Chemicals by 38.8% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 1,889 shares of the basic materials company’s stock worth $562,000 after acquiring an additional 528 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Mizuho raised their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Sanford C. Bernstein upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price target on the stock in a report on Friday, January 31st. Barclays upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $315.00 to $365.00 in a research note on Friday, January 24th. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $330.00 to $350.00 in a research note on Tuesday, January 14th. Finally, Citigroup upped their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.50.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $333.45 on Thursday. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $341.14. The business’s 50 day moving average price is $310.40 and its 200 day moving average price is $300.43. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The firm has a market cap of $74.15 billion, a P/E ratio of 19.41, a P/E/G ratio of 3.55 and a beta of 0.85.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend 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.