Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.0% during the third quarter, HoldingsChannel reports. The fund owned 16,844 shares of the basic materials company’s stock after buying an additional 498 shares during the period. D.A. Davidson & CO.’s holdings in Air Products and Chemicals were worth $5,015,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals in the 3rd quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals during the second quarter valued at about $32,000. Iron Horse Wealth Management LLC raised its stake in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the period. Trifecta Capital Advisors LLC lifted its holdings in shares of Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 136 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in shares of Air Products and Chemicals during the third quarter worth $42,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Redburn Atlantic upgraded shares of 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. The Goldman Sachs Group upped their price target on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a report on Monday, August 5th. Barclays raised their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Finally, Citigroup upped their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Stock Performance

Shares of APD opened at $333.20 on Thursday. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $336.42. The company’s 50 day simple moving average is $313.32 and its 200 day simple moving average is $284.69. The company has a market capitalization of $74.10 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 3.35 and a beta of 0.81. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is 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.