Geneos Wealth Management Inc. Has $5.25 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Geneos Wealth Management Inc. raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,103 shares of the basic materials company’s stock after buying an additional 651 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Air Products and Chemicals were worth $5,251,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new position in Air Products and Chemicals during the third quarter worth $25,000. Raleigh Capital Management Inc. grew its position in Air Products and Chemicals by 69.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 43 shares during the last quarter. Iron Horse Wealth Management LLC increased its holdings 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 worth $35,000 after purchasing an additional 55 shares during the period. Fortitude Family Office LLC raised its position 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 buying an additional 50 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in shares of Air Products and Chemicals in the third quarter valued at about $42,000. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Trading Up 1.6 %

Shares of APD opened at $329.29 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The company has a market cap of $73.23 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 3.16 and a beta of 0.84. The stock has a fifty day moving average price of $310.14 and a two-hundred day moving average price of $296.47. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.17%. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s payout ratio is currently 41.21%.

Analyst Upgrades and Downgrades

APD has been the topic of several research reports. Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $330.00 to $350.00 in a research note on Tuesday, January 14th. Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $315.00 to $365.00 in a research note on Friday. Vertical Research upgraded shares of 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. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research note on Friday, October 25th. Finally, Citigroup lifted their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $335.65.

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.