Armstrong Henry H Associates Inc. Has $18.26 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Armstrong Henry H Associates Inc. raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,944 shares of the basic materials company’s stock after buying an additional 6,475 shares during the quarter. Air Products and Chemicals comprises 1.8% of Armstrong Henry H Associates Inc.’s investment portfolio, making the stock its 7th largest position. Armstrong Henry H Associates Inc.’s holdings in Air Products and Chemicals were worth $18,256,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in APD. Truvestments Capital LLC purchased a new position in Air Products and Chemicals during the 3rd quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals in the second quarter worth about $32,000. Iron Horse Wealth Management LLC lifted 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 worth $35,000 after buying an additional 55 shares during the period. Fortitude Family Office LLC boosted its position 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 acquiring an additional 50 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $42,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

NYSE APD opened at $301.87 on Tuesday. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The stock has a 50-day moving average of $309.32 and a 200 day moving average of $293.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The company has a market capitalization of $67.13 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 3.13 and a beta of 0.84.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. Air Products and Chemicals’s payout ratio is 41.21%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APD. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Citigroup upped their target price on shares of 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. UBS Group raised shares of 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. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Finally, Vertical Research upgraded 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 report on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average 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.