TD Private Client Wealth LLC Grows Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

TD Private Client Wealth LLC lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 39.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,973 shares of the basic materials company’s stock after acquiring an additional 1,134 shares during the period. TD Private Client Wealth LLC’s holdings in Air Products and Chemicals were worth $1,183,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of APD. Truvestments Capital LLC purchased a new stake in Air Products and Chemicals during the 3rd quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the second quarter valued at approximately $32,000. Iron Horse Wealth Management LLC increased its holdings 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 buying an additional 55 shares during the period. Trifecta Capital Advisors LLC raised its position in Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after buying an additional 136 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in Air Products and Chemicals during the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.5 %

APD stock opened at $312.30 on Friday. The stock has a market capitalization of $69.45 billion, a P/E ratio of 18.18, a P/E/G ratio of 3.13 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00. The firm has a 50-day simple moving average of $320.55 and a 200-day simple moving average of $289.74. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.27%. Air Products and Chemicals’s payout ratio is currently 41.21%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a report on Monday, November 18th. Barclays lifted their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research note on Friday, October 25th. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $331.53.

Air Products and Chemicals Company 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.