PFW Advisors LLC Acquires Shares of 3,604 Air Products and Chemicals, Inc. (NYSE:APD)

PFW Advisors LLC bought a new position in Air Products and Chemicals, Inc. (NYSE:APD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,604 shares of the basic materials company’s stock, valued at approximately $1,045,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Truvestments Capital LLC bought a new stake in Air Products and Chemicals during the 3rd quarter valued at about $25,000. Iron Horse Wealth Management LLC raised 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 acquiring an additional 55 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals in the 2nd quarter valued at approximately $32,000. Fortitude Family Office LLC lifted its holdings in shares of Air Products and Chemicals by 58.8% during the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 50 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in Air Products and Chemicals in the 3rd quarter worth about $42,000. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on APD shares. Mizuho boosted their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. BMO Capital Markets increased their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Wells Fargo & Company increased their target price on Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. 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 note on Monday, November 18th. Finally, Citigroup increased their price objective 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. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Price Performance

NYSE APD traded up $8.79 during trading hours on Monday, reaching $301.87. The company’s stock had a trading volume of 2,290,322 shares, compared to its average volume of 1,566,235. 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, Inc. has a 1 year low of $212.24 and a 1 year high of $337.00. The firm’s 50-day moving average price is $309.41 and its 200-day moving average price is $292.76. The company has a market capitalization of $67.13 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 3.13 and a beta of 0.84.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be paid 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 2.35%. Air Products and Chemicals’s payout ratio is 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.