Graypoint LLC Buys 131 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Graypoint LLC raised its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,511 shares of the basic materials company’s stock after purchasing an additional 131 shares during the period. Graypoint LLC’s holdings in Air Products and Chemicals were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Sage Capital Advisors llc lifted its position in Air Products and Chemicals by 0.3% during the fourth quarter. Sage Capital Advisors llc now owns 14,732 shares of the basic materials company’s stock valued at $4,273,000 after purchasing an additional 39 shares during the last quarter. LVM Capital Management Ltd. MI raised its position in shares of Air Products and Chemicals by 5.6% during the 4th quarter. LVM Capital Management Ltd. MI now owns 1,132 shares of the basic materials company’s stock valued at $328,000 after buying an additional 60 shares in the last quarter. ORG Wealth Partners LLC lifted its holdings in shares of Air Products and Chemicals by 28.5% in the 4th quarter. ORG Wealth Partners LLC now owns 451 shares of the basic materials company’s stock valued at $131,000 after acquiring an additional 100 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Air Products and Chemicals by 59.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock worth $111,488,000 after acquiring an additional 139,223 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC increased its stake in Air Products and Chemicals by 7.2% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 2,317 shares of the basic materials company’s stock worth $672,000 after acquiring an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the subject of a number of recent research reports. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the stock from $295.00 to $364.00 in a report on Monday, October 7th. 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 research note on Friday, November 8th. Citigroup lifted their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Barclays increased their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company boosted their target price on Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on 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 Trading Up 2.7 %

NYSE APD opened at $292.88 on Friday. The company’s 50-day simple moving average is $309.41 and its two-hundred day simple moving average is $292.56. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The company has a market capitalization of $65.13 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

Air Products and Chemicals Announces Dividend

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 given a dividend of $1.77 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 annualized dividend and a yield of 2.42%. Air Products and Chemicals’s dividend payout ratio (DPR) 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.