Swedbank AB Has $20.79 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Swedbank AB boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 5.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 71,671 shares of the basic materials company’s stock after purchasing an additional 3,830 shares during the period. Swedbank AB’s holdings in Air Products and Chemicals were worth $20,787,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of APD. SG Americas Securities LLC boosted its stake in shares of Air Products and Chemicals by 106.3% during the 4th quarter. SG Americas Securities LLC now owns 13,494 shares of the basic materials company’s stock worth $3,914,000 after acquiring an additional 6,952 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Air Products and Chemicals by 59.2% during 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 purchasing an additional 139,223 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Air Products and Chemicals in the fourth quarter valued at $7,269,000. Forsta AP Fonden raised its position in shares of Air Products and Chemicals by 13.4% in the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock valued at $13,607,000 after purchasing an additional 5,400 shares during the period. Finally, Diversify Wealth Management LLC lifted its stake in shares of Air Products and Chemicals by 88.2% during the 4th quarter. Diversify Wealth Management LLC now owns 10,490 shares of the basic materials company’s stock worth $3,074,000 after buying an additional 4,916 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on APD. Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $315.00 to $365.00 in a report on Friday, January 24th. UBS Group lifted their price target on Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday. 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. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Finally, Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research report on Monday, October 7th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.50.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $335.36 on Friday. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $338.00. 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 business has a fifty day simple moving average of $310.22 and a 200 day simple moving average of $298.46. The company has a market cap of $74.58 billion, a P/E ratio of 19.52, a P/E/G ratio of 3.46 and a beta of 0.84.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a $1.79 dividend. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Tuesday, April 1st. 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.