Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Rockland Trust Co.

Rockland Trust Co. boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,071 shares of the basic materials company’s stock after purchasing an additional 3,464 shares during the period. Rockland Trust Co.’s holdings in Air Products and Chemicals were worth $13,362,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in APD. Truvestments Capital LLC purchased a new stake in shares of Air Products and Chemicals during the third quarter worth about $25,000. Iron Horse Wealth Management LLC boosted its holdings in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Fortitude Family Office LLC grew its stake in Air Products and Chemicals by 58.8% during the 4th 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. Prospera Private Wealth LLC acquired a new position in shares of Air Products and Chemicals in the 3rd quarter valued at approximately $42,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Air Products and Chemicals during the 3rd quarter valued at approximately $47,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

APD has been the topic of several recent analyst reports. Wells Fargo & Company raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $330.00 to $350.00 in a report on Tuesday. JPMorgan Chase & Co. cut their target price 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. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a research note on Friday, October 25th. BMO Capital Markets upped their price objective on 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. Finally, Barclays boosted their price target on 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. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average target price of $332.71.

Air Products and Chemicals Price Performance

NYSE APD opened at $307.83 on Wednesday. The company has a 50-day moving average price of $309.35 and a two-hundred day moving average price of $293.39. The stock has a market cap of $68.46 billion, a price-to-earnings ratio of 17.92, 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. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00.

Air Products and Chemicals Announces Dividend

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 2.30%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is currently 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.