Air Products and Chemicals, Inc. (NYSE:APD) Stock Holdings Raised by Borer Denton & Associates Inc.

Borer Denton & Associates Inc. lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,826 shares of the basic materials company’s stock after purchasing an additional 275 shares during the period. Borer Denton & Associates Inc.’s holdings in Air Products and Chemicals were worth $1,735,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Forsta AP Fonden lifted its holdings in Air Products and Chemicals by 13.4% during the 3rd quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock worth $13,607,000 after buying an additional 5,400 shares during the last quarter. Jensen Investment Management Inc. raised its position in shares of Air Products and Chemicals by 65.0% during the 3rd quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock valued at $3,921,000 after acquiring an additional 5,190 shares in the last quarter. Woodstock Corp lifted its stake in Air Products and Chemicals by 6.5% during the third quarter. Woodstock Corp now owns 38,976 shares of the basic materials company’s stock worth $11,605,000 after purchasing an additional 2,387 shares during the last quarter. Impax Asset Management Group plc acquired a new position in Air Products and Chemicals in the third quarter worth $3,234,000. Finally, ZWJ Investment Counsel Inc. increased its stake in Air Products and Chemicals by 33.8% during the third quarter. ZWJ Investment Counsel Inc. now owns 51,110 shares of the basic materials company’s stock valued at $15,217,000 after purchasing an additional 12,925 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APD. Barclays raised their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research note on Monday, October 7th. BMO Capital Markets lifted their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Citigroup increased their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a report on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $331.53.

Air Products and Chemicals Stock Performance

Shares of APD opened at $331.83 on Friday. 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 firm’s 50 day moving average is $310.63 and its 200-day moving average is $282.91. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $332.69. The stock has a market capitalization of $73.77 billion, a P/E ratio of 19.31, a P/E/G ratio of 3.30 and a beta of 0.81.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.13%. Air Products and Chemicals’s dividend payout ratio is currently 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.