Dynamic Advisor Solutions LLC Reduces Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Dynamic Advisor Solutions LLC lowered its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,854 shares of the basic materials company’s stock after selling 180 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Air Products and Chemicals were worth $1,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. LexAurum Advisors LLC bought a new position in shares of Air Products and Chemicals in the 4th quarter worth approximately $216,000. RFG Advisory LLC raised its holdings in Air Products and Chemicals by 1.5% in the fourth quarter. RFG Advisory LLC now owns 7,536 shares of the basic materials company’s stock worth $2,186,000 after purchasing an additional 109 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of Air Products and Chemicals by 3.6% during the 4th quarter. Cornerstone Wealth Management LLC now owns 2,558 shares of the basic materials company’s stock valued at $742,000 after buying an additional 89 shares in the last quarter. Brighton Jones LLC grew its position in shares of Air Products and Chemicals by 14.5% in the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after buying an additional 412 shares during the period. Finally, Raleigh Capital Management Inc. increased its stake in shares of 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 acquiring an additional 43 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on APD shares. Wells Fargo & Company raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $330.00 to $350.00 in a research note on Tuesday, January 14th. Vertical Research upgraded 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. Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $315.00 to $365.00 in a research note on Friday. Citigroup increased their target price on 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. Finally, Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target on the stock in a research note on Friday, October 25th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $335.65.

Air Products and Chemicals Trading Up 1.6 %

Shares of NYSE:APD opened at $329.29 on Friday. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $337.00. The stock has a market capitalization 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 company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The stock’s 50-day simple moving average is $310.14 and its two-hundred day simple moving average is $296.47.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio is currently 41.68%.

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.