NovaPoint Capital LLC Sells 254 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

NovaPoint Capital LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,069 shares of the basic materials company’s stock after selling 254 shares during the period. NovaPoint Capital LLC’s holdings in Air Products and Chemicals were worth $3,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in APD. Czech National Bank raised its holdings in shares of 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 valued at $13,484,000 after acquiring an additional 2,925 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in Air Products and Chemicals by 23.3% in the third quarter. Miracle Mile Advisors LLC now owns 1,511 shares of the basic materials company’s stock worth $450,000 after purchasing an additional 286 shares in the last quarter. Aprio Wealth Management LLC bought a new position in Air Products and Chemicals in the third quarter worth about $220,000. Callan Family Office LLC bought a new position in Air Products and Chemicals in the third quarter worth about $233,000. Finally, O Keefe Stevens Advisory Inc. raised its holdings in Air Products and Chemicals by 38.8% in the third quarter. O Keefe Stevens Advisory Inc. now owns 1,889 shares of the basic materials company’s stock worth $562,000 after purchasing an additional 528 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Down 0.7 %

Shares of NYSE:APD opened at $333.45 on Thursday. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $341.14. The firm has a market capitalization of $74.15 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 3.55 and a beta of 0.85. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The business’s 50 day moving average price is $310.40 and its 200-day moving average price is $300.43.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.15%. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $315.00 to $365.00 in a report on Friday, January 24th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a report on Friday, October 25th. Sanford C. Bernstein upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price for the company in a report on Friday, January 31st. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $330.00 to $350.00 in a report on Tuesday, January 14th. Finally, Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective on the stock. in a report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and an average price target of $340.50.

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.