Meadow Creek Wealth Advisors LLC Sells 196 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Meadow Creek Wealth Advisors LLC trimmed its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,052 shares of the basic materials company’s stock after selling 196 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in APD. Pathway Financial Advisers LLC lifted its position in shares of Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock worth $861,722,000 after acquiring an additional 2,884,581 shares in the last quarter. ING Groep NV increased its position in shares of Air Products and Chemicals by 240.7% during the third quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock valued at $304,717,000 after buying an additional 723,019 shares during the period. Mizuho Markets Americas LLC lifted its holdings in shares of Air Products and Chemicals by 318.7% in the third quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company’s stock worth $282,473,000 after buying an additional 722,132 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Air Products and Chemicals by 1,685.4% in the third quarter. Van ECK Associates Corp now owns 764,489 shares of the basic materials company’s stock valued at $249,698,000 after acquiring an additional 721,671 shares during the period. Finally, International Assets Investment Management LLC grew its stake in Air Products and Chemicals by 29,957.6% during the third quarter. International Assets Investment Management LLC now owns 718,075 shares of the basic materials company’s stock valued at $2,138,000,000 after acquiring an additional 715,686 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Performance

Shares of APD opened at $333.45 on Thursday. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $341.14. The stock has a fifty day moving average price of $310.40 and a 200-day moving average price of $300.43. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The firm has a market cap of $74.15 billion, a PE ratio of 19.41, a P/E/G ratio of 3.55 and a beta of 0.85.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio is 41.21%.

Analyst Ratings Changes

Several research firms recently commented on APD. Bank of America cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 target price for the company. in a research report on Monday, January 27th. JPMorgan Chase & Co. decreased 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 report on Friday, November 8th. Barclays upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $315.00 to $365.00 in a research report on Friday, January 24th. Mizuho increased 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 report on Wednesday, October 9th. Finally, Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $330.00 to $350.00 in a research report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $340.50.

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.