Thurston Springer Miller Herd & Titak Inc. Buys 2,454 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Thurston Springer Miller Herd & Titak Inc. raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 39.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,705 shares of the basic materials company’s stock after buying an additional 2,454 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Air Products and Chemicals were worth $2,525,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in APD. Truvestments Capital LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at about $25,000. Iron Horse Wealth Management LLC boosted its position in shares of Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. Fortitude Family Office LLC boosted its position in shares of Air Products and Chemicals by 58.8% during the 4th 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. Prospera Private Wealth LLC bought a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at about $42,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at about $47,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $307.83 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The company has a market cap of $68.46 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. The business has a 50 day moving average price of $309.35 and a 200-day moving average price of $293.39. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is 41.21%.

Wall Street Analysts Forecast Growth

APD has been the topic of several research analyst reports. BMO Capital Markets upped 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. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their target price for the company from $305.00 to $365.00 in a research report on Monday, October 7th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. dropped their price target on 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. Finally, Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research note on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $332.71.

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.