InvesTrust Takes $7.55 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

InvesTrust acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,076 shares of the basic materials company’s stock, valued at approximately $7,552,000. Air Products and Chemicals comprises approximately 2.1% of InvesTrust’s holdings, making the stock its 17th largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in Air Products and Chemicals in the third quarter valued at $25,000. Iron Horse Wealth Management LLC lifted its stake in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Air Products and Chemicals during the second quarter worth $32,000. Prospera Private Wealth LLC acquired a new stake in shares of Air Products and Chemicals in the third quarter valued at $42,000. Finally, Trifecta Capital Advisors LLC raised 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 valued at $37,000 after buying an additional 136 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Down 0.1 %

Shares of APD traded down $0.22 during mid-day trading on Wednesday, reaching $286.11. The company had a trading volume of 421,728 shares, compared to its average volume of 1,123,513. The stock has a market cap of $63.63 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $310.79 and a 200-day simple moving average of $292.33. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a yield of 2.47%. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

Wall Street Analyst Weigh In

APD has been the subject of several research reports. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the company from $295.00 to $364.00 in a research report on Monday, October 7th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. cut their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. BMO Capital Markets boosted their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, Barclays raised their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.53.

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.