Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Kathmere Capital Management LLC

Kathmere Capital Management LLC increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,502 shares of the basic materials company’s stock after purchasing an additional 104 shares during the period. Kathmere Capital Management LLC’s holdings in Air Products and Chemicals were worth $436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in shares of Air Products and Chemicals by 3.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,975 shares of the basic materials company’s stock valued at $1,733,000 after buying an additional 182 shares during the last quarter. Rockland Trust Co. raised its stake in Air Products and Chemicals by 8.1% during the 4th quarter. Rockland Trust Co. now owns 46,071 shares of the basic materials company’s stock valued at $13,362,000 after acquiring an additional 3,464 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Air Products and Chemicals by 10.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,113 shares of the basic materials company’s stock worth $1,483,000 after acquiring an additional 473 shares during the period. Oak Thistle LLC purchased a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $637,000. Finally, Marcum Wealth LLC increased its holdings in shares of Air Products and Chemicals by 2.5% in the fourth quarter. Marcum Wealth LLC now owns 1,530 shares of the basic materials company’s stock valued at $444,000 after purchasing an additional 38 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a report on Monday, October 7th. BMO Capital Markets increased their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Finally, UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Monday, November 18th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus price target of $332.71.

Air Products and Chemicals Trading Up 1.7 %

Shares of APD opened at $312.01 on Friday. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $337.00. 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 firm has a 50 day simple moving average of $309.36 and a 200-day simple moving average of $293.48. The stock has a market cap of $69.39 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 2.88 and a beta of 0.84.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.27%. Air Products and Chemicals’s dividend payout ratio is currently 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.