Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by JGP Wealth Management LLC

JGP Wealth Management LLC lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,295 shares of the basic materials company’s stock after acquiring an additional 657 shares during the period. Air Products and Chemicals makes up 1.7% of JGP Wealth Management LLC’s portfolio, making the stock its 16th biggest position. JGP Wealth Management LLC’s holdings in Air Products and Chemicals were worth $13,427,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of Air Products and Chemicals in the third quarter valued at $25,000. Iron Horse Wealth Management LLC boosted its stake in Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the last quarter. Fortitude Family Office LLC boosted 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 acquiring an additional 50 shares during the last quarter. Prospera Private Wealth LLC bought a new position in Air Products and Chemicals during the 3rd quarter valued at $42,000. Finally, Reston Wealth Management LLC bought a new position in Air Products and Chemicals during the 3rd quarter valued at $47,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Citigroup increased their price objective on shares of 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. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target on the stock in a research report on Friday, October 25th. Mizuho raised their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Finally, Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research report on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $332.71.

Air Products and Chemicals Price Performance

Shares of APD opened at $312.01 on Friday. The firm has a market cap of $69.39 billion, a PE ratio of 18.16, a PEG ratio of 2.88 and a beta of 0.84. The firm’s 50 day moving average price is $309.36 and its 200 day moving average price is $293.48. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month 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. Investors of record on Thursday, January 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.27%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is presently 41.21%.

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.