Marcum Wealth LLC grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,530 shares of the basic materials company’s stock after purchasing an additional 38 shares during the quarter. Marcum Wealth LLC’s holdings in Air Products and Chemicals were worth $444,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. American Century Companies Inc. boosted its stake in Air Products and Chemicals by 2.5% during the second quarter. American Century Companies Inc. now owns 41,220 shares of the basic materials company’s stock worth $10,637,000 after buying an additional 999 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new position in shares of Air Products and Chemicals during the 2nd quarter valued at about $410,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Air Products and Chemicals by 127.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after purchasing an additional 1,564,169 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Air Products and Chemicals by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,181,985 shares of the basic materials company’s stock valued at $305,094,000 after buying an additional 84,176 shares during the period. Finally, Conscious Wealth Investments LLC increased its stake in Air Products and Chemicals by 0.5% during the second quarter. Conscious Wealth Investments LLC now owns 10,671 shares of the basic materials company’s stock worth $2,731,000 after acquiring an additional 50 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $305.00 to $365.00 in a research report on Monday, October 7th. JPMorgan Chase & Co. reduced their price target 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. BMO Capital Markets lifted their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Wells Fargo & Company raised 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 note on Tuesday. Finally, StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $332.71.
Air Products and Chemicals Trading Up 2.0 %
APD opened at $307.83 on Wednesday. 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 one year low of $212.24 and a one year high of $337.00. The company has a market cap of $68.46 billion, a P/E ratio of 17.92, a PEG ratio of 3.13 and a beta of 0.84. The business’s 50-day simple moving average is $309.35 and its 200-day simple moving average is $293.39.
Air Products and Chemicals Announces Dividend
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 $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a yield of 2.30%. Air Products and Chemicals’s dividend payout ratio is currently 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.
Featured Articles
- Five stocks we like better than Air Products and Chemicals
- The Significance of Brokerage Rankings in Stock Selection
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- Industrial Products Stocks Investing
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD – Free Report).
Receive News & Ratings for Air Products and Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.