Sage Capital Advisors llc Boosts Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Sage Capital Advisors llc lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,732 shares of the basic materials company’s stock after acquiring an additional 39 shares during the period. Sage Capital Advisors llc’s holdings in Air Products and Chemicals were worth $4,273,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new stake in shares of Air Products and Chemicals during the 3rd quarter worth approximately $25,000. Iron Horse Wealth Management LLC increased its stake 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 acquiring an additional 55 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals during the 2nd quarter valued at $32,000. Fortitude Family Office LLC increased its position in Air Products and Chemicals by 58.8% during the fourth 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. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Air Products and Chemicals in the third quarter valued at $42,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APD. BMO Capital Markets raised their price objective on shares of 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. Wells Fargo & Company increased their target price on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Vertical Research raised 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 research note on Monday, October 7th. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research report on Friday, October 25th. Finally, UBS Group raised 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 report on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average target price of $331.53.

Air Products and Chemicals Stock Up 2.4 %

NYSE:APD traded up $6.72 during mid-day trading on Friday, hitting $291.97. 872,221 shares of the company’s stock traded hands, compared to its average volume of 1,179,217. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00. The company has a market capitalization of $64.93 billion, a P/E ratio of 16.99, a P/E/G ratio of 3.13 and a beta of 0.84. 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 fifty day moving average of $309.73 and a 200 day moving average of $292.23.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.42%. Air Products and Chemicals’s payout ratio is 41.21%.

Air Products and Chemicals 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.