Carderock Capital Management Inc. Sells 301 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Carderock Capital Management Inc. trimmed its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,398 shares of the basic materials company’s stock after selling 301 shares during the quarter. Carderock Capital Management Inc.’s holdings in Air Products and Chemicals were worth $7,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new position in Air Products and Chemicals during the 3rd quarter worth approximately $25,000. Iron Horse Wealth Management LLC raised 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 buying an additional 55 shares during the last quarter. Fortitude Family Office LLC lifted its holdings 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 buying an additional 50 shares during the period. Prospera Private Wealth LLC bought a new stake in Air Products and Chemicals during the third quarter valued at $42,000. Finally, Reston Wealth Management LLC acquired a new stake in Air Products and Chemicals during the 3rd quarter worth about $47,000. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

APD has been the topic of a number of recent analyst reports. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. BMO Capital Markets increased their target price on shares of 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. JPMorgan Chase & Co. decreased their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a research report on Friday, October 25th. Finally, Citigroup raised their target price 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. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $332.71.

Air Products and Chemicals Trading Up 1.6 %

Shares of Air Products and Chemicals stock opened at $317.11 on Friday. The firm has a market cap of $70.52 billion, a PE ratio of 18.46, a P/E/G ratio of 2.88 and a beta of 0.84. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year 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 has a fifty day moving average price of $309.34 and a 200-day moving average price of $293.61.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio 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.