CarsonAllaria Wealth Management Ltd. Sells 78 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

CarsonAllaria Wealth Management Ltd. decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 10.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 699 shares of the basic materials company’s stock after selling 78 shares during the quarter. CarsonAllaria Wealth Management Ltd.’s holdings in Air Products and Chemicals were worth $203,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in APD. Truvestments Capital LLC bought a new stake in Air Products and Chemicals during the third quarter worth about $25,000. Raleigh Capital Management Inc. boosted its holdings 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. Financial Life Planners acquired a new position in shares of Air Products and Chemicals in the 4th quarter worth approximately $31,000. Iron Horse Wealth Management LLC grew its position in 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 acquiring an additional 55 shares during the last quarter. Finally, Newton One Investments LLC acquired a new stake in Air Products and Chemicals during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on APD. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a report on Friday, October 25th. UBS Group increased their price objective on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Citigroup boosted their target price on shares of 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. JPMorgan Chase & Co. decreased their price target on shares of 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. Finally, Bank of America cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective for the company. in a research report on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $340.50.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $335.45 on Wednesday. The firm’s 50 day simple moving average is $310.39 and its 200 day simple moving average is $299.92. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $341.14. The company has a market capitalization of $74.60 billion, a price-to-earnings ratio of 19.53, a P/E/G 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.

Air Products and Chemicals Increases Dividend

The company 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 $1.79 dividend. The ex-dividend date is Tuesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a yield of 2.13%. Air Products and Chemicals’s dividend payout ratio (DPR) 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.