Agate Pass Investment Management LLC Has $2.03 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Agate Pass Investment Management LLC increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,984 shares of the basic materials company’s stock after buying an additional 82 shares during the quarter. Agate Pass Investment Management LLC’s holdings in Air Products and Chemicals were worth $2,026,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in Air Products and Chemicals in the third quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals in the second quarter valued at about $32,000. Iron Horse Wealth Management LLC raised its holdings 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 acquiring an additional 55 shares in the last quarter. Fortitude Family Office LLC grew its stake in Air Products and Chemicals by 58.8% in the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 50 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $42,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

APD traded up $6.16 on Monday, hitting $299.24. 829,617 shares of the stock were exchanged, compared to its average volume of 1,353,930. The firm has a market capitalization of $66.55 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 3.13 and a beta of 0.84. 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, Inc. has a 12 month low of $212.24 and a 12 month high of $337.00. The business has a 50-day moving average of $309.41 and a two-hundred day moving average of $292.76.

Air Products and Chemicals Dividend Announcement

The firm also recently announced 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. This represents a $7.08 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is presently 41.21%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APD. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research note on Monday, October 7th. JPMorgan Chase & Co. lowered their price objective 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. BMO Capital Markets raised their target price on shares of 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 boosted 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, Wells Fargo & Company lifted their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.