Newton One Investments LLC Takes Position in Air Products and Chemicals, Inc. (NYSE:APD)

Newton One Investments LLC purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 131 shares of the basic materials company’s stock, valued at approximately $38,000.

Several other hedge funds have also recently modified their holdings of APD. Centaurus Financial Inc. lifted its stake in shares of Air Products and Chemicals by 56.8% during the 2nd quarter. Centaurus Financial Inc. now owns 947 shares of the basic materials company’s stock worth $244,000 after purchasing an additional 343 shares during the last quarter. Czech National Bank raised its holdings in Air Products and Chemicals by 6.9% in the third quarter. Czech National Bank now owns 45,287 shares of the basic materials company’s stock worth $13,484,000 after purchasing an additional 2,925 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Air Products and Chemicals by 48.3% during the third quarter. GAMMA Investing LLC now owns 3,469 shares of the basic materials company’s stock valued at $1,033,000 after buying an additional 1,130 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in shares of Air Products and Chemicals by 1.1% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 13,567 shares of the basic materials company’s stock valued at $4,039,000 after buying an additional 141 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its holdings in shares of Air Products and Chemicals by 23.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,511 shares of the basic materials company’s stock valued at $450,000 after buying an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on APD. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their target price for the company from $295.00 to $364.00 in a research note on Monday, October 7th. JPMorgan Chase & Co. dropped their target price 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. UBS Group increased their price target on Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $305.00 to $365.00 in a 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 on the stock in a research report on Monday, October 7th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $340.50.

Air Products and Chemicals Stock Up 1.1 %

APD stock opened at $338.90 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $339.10. The firm’s fifty day moving average is $310.29 and its 200 day moving average is $299.41. The firm has a market cap of $75.37 billion, a PE ratio of 19.73, a P/E/G ratio of 3.55 and a beta of 0.85.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be given a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. 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 dividend yield of 2.11%. Air Products and Chemicals’s payout ratio is 41.21%.

Air Products and Chemicals 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.