Regent Peak Wealth Advisors LLC Has $638,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Regent Peak Wealth Advisors LLC reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 73.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,200 shares of the basic materials company’s stock after selling 6,135 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $638,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Truvestments Capital LLC acquired a new position in Air Products and Chemicals during the 3rd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals in the second quarter worth $32,000. Iron Horse Wealth Management LLC boosted its holdings in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. Trifecta Capital Advisors LLC grew its position in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in Air Products and Chemicals in the 3rd quarter valued at $42,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Performance

NYSE:APD traded up $6.08 during mid-day trading on Tuesday, hitting $289.32. 430,124 shares of the stock were exchanged, compared to its average volume of 1,094,412. 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 firm’s 50-day simple moving average is $311.36 and its 200 day simple moving average is $292.23. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00. The stock has a market capitalization of $64.34 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be given a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.45%. Air Products and Chemicals’s payout ratio is presently 41.21%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on APD shares. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target 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. BMO Capital Markets upped their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a research note on Monday, November 18th. Finally, Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price target for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.