Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Fiduciary Trust Co

Fiduciary Trust Co increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 41,370 shares of the basic materials company’s stock after buying an additional 1,032 shares during the period. Fiduciary Trust Co’s holdings in Air Products and Chemicals were worth $12,318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Air Products and Chemicals in the first quarter worth $281,000. B. Riley Wealth Advisors Inc. grew its position in Air Products and Chemicals by 8.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,731 shares of the basic materials company’s stock worth $1,388,000 after purchasing an additional 449 shares during the period. Tidal Investments LLC raised its stake in shares of Air Products and Chemicals by 16.2% during the 1st quarter. Tidal Investments LLC now owns 17,332 shares of the basic materials company’s stock valued at $4,199,000 after buying an additional 2,411 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Air Products and Chemicals in the 1st quarter valued at about $124,000. Finally, Swedbank AB purchased a new stake in shares of Air Products and Chemicals in the first quarter worth about $15,910,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on APD shares. UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a research report on Monday, November 18th. Mizuho boosted their target price 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. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price target for the company from $295.00 to $364.00 in a research report on Monday, October 7th. JPMorgan Chase & Co. decreased their price objective on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Finally, BMO Capital Markets raised their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $331.53.

Air Products and Chemicals Stock Down 0.5 %

Shares of NYSE APD opened at $333.20 on Thursday. The stock has a market cap of $74.10 billion, a PE ratio of 19.39, a P/E/G ratio of 3.35 and a beta of 0.81. 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 12-month low of $212.24 and a 12-month high of $336.42. The company has a 50-day moving average of $313.32 and a 200 day moving average of $284.69.

Air Products and Chemicals Dividend Announcement

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 issued a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.12%. 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.