Resources Management Corp CT ADV Lowers Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Resources Management Corp CT ADV decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,657 shares of the basic materials company’s stock after selling 41 shares during the quarter. Resources Management Corp CT ADV’s holdings in Air Products and Chemicals were worth $4,066,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of APD. Truvestments Capital LLC purchased a new stake in Air Products and Chemicals in the 3rd quarter worth $25,000. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the 2nd quarter worth $32,000. Iron Horse Wealth Management LLC lifted its stake in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC lifted its stake in Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in Air Products and Chemicals in the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $316.69 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The company has a market capitalization of $70.42 billion, a P/E ratio of 18.43, a P/E/G ratio of 3.21 and a beta of 0.81. The company’s 50-day simple moving average is $318.59 and its two-hundred day simple moving average is $288.74. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be paid a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.24%. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

Analyst Ratings Changes

Several brokerages have commented on APD. 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. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. reduced their target price on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Wells Fargo & Company boosted their target price on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a report on Monday, November 18th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $331.53.

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.