Koshinski Asset Management Inc. Cuts Position in Air Products and Chemicals, Inc. (NYSE:APD)

Koshinski Asset Management Inc. reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,372 shares of the basic materials company’s stock after selling 108 shares during the period. Koshinski Asset Management Inc.’s holdings in Air Products and Chemicals were worth $1,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in APD. Truvestments Capital LLC acquired a new position in Air Products and Chemicals during the third quarter worth about $25,000. Iron Horse Wealth Management LLC boosted its stake in shares of 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 in the last quarter. Fortitude Family Office LLC grew its holdings in shares of Air Products and Chemicals by 58.8% in the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 50 shares during the period. Prospera Private Wealth LLC purchased a new position in Air Products and Chemicals in the 3rd quarter valued at approximately $42,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth $47,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $319.62 on Wednesday. The company has a market cap of $71.08 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $337.00. 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 stock’s 50-day moving average is $309.49 and its 200-day moving average is $295.14.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.22%. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays lifted their target price 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. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research note on Friday, October 25th. UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a research report on Monday, November 18th. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $330.00 to $350.00 in a report on Tuesday, January 14th. Finally, BMO Capital Markets lifted their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $332.71.

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.