Keyes Stange & Wooten Wealth Management LLC Increases Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Keyes Stange & Wooten Wealth Management LLC increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,560 shares of the basic materials company’s stock after acquiring an additional 37 shares during the period. Air Products and Chemicals comprises about 0.5% of Keyes Stange & Wooten Wealth Management LLC’s investment portfolio, making the stock its 29th biggest holding. Keyes Stange & Wooten Wealth Management LLC’s holdings in Air Products and Chemicals were worth $762,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. CX Institutional raised its stake in shares of Air Products and Chemicals by 2.6% during the third quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock valued at $400,000 after acquiring an additional 34 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in Air Products and Chemicals by 0.3% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock valued at $3,452,000 after purchasing an additional 34 shares in the last quarter. Bank of Stockton raised its position in Air Products and Chemicals by 1.9% during the 3rd quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 34 shares in the last quarter. Cape Investment Advisory Inc. lifted its holdings in shares of Air Products and Chemicals by 1.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock worth $906,000 after buying an additional 37 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of Air Products and Chemicals by 22.3% during the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock valued at $60,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.9 %

Shares of Air Products and Chemicals stock opened at $331.83 on Friday. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.69. 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 market cap of $73.77 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. The firm has a fifty day moving average price of $310.63 and a 200 day moving average price of $282.67.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.13%. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

Analysts Set New Price Targets

APD has been the subject of a number of research reports. Citigroup upped their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the company from $295.00 to $364.00 in a research note on Monday, October 7th. The Goldman Sachs Group boosted their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. dropped their target price on 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. Finally, Mizuho boosted their price target on 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. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $331.53.

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.