Saxon Interests Inc. Acquires 346 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Saxon Interests Inc. raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,482 shares of the basic materials company’s stock after acquiring an additional 346 shares during the quarter. Saxon Interests Inc.’s holdings in Air Products and Chemicals were worth $1,300,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings 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. Axxcess Wealth Management LLC increased its stake in Air Products and Chemicals by 93.6% in the second quarter. Axxcess Wealth Management LLC now owns 2,764 shares of the basic materials company’s stock valued at $713,000 after purchasing an additional 1,336 shares in the last quarter. Argent Trust Co raised its holdings in Air Products and Chemicals by 7.2% in the second quarter. Argent Trust Co now owns 13,971 shares of the basic materials company’s stock worth $3,605,000 after purchasing an additional 942 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Air Products and Chemicals by 12.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,207 shares of the basic materials company’s stock worth $5,166,000 after purchasing an additional 2,223 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Air Products and Chemicals by 24.4% in the 2nd quarter. Blair William & Co. IL now owns 100,992 shares of the basic materials company’s stock valued at $26,061,000 after buying an additional 19,836 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $305.00 to $365.00 in a report 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 price objective for the company in a research report on Friday, October 25th. BMO Capital Markets boosted 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 research report on Thursday, November 14th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Finally, Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price target for the company from $295.00 to $364.00 in a report on Monday, October 7th. Seven investment 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 Stock Performance

NYSE APD opened at $311.96 on Friday. The company has a market capitalization of $69.37 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 2.88 and a beta of 0.84. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00. The stock has a fifty day simple moving average of $309.36 and a 200 day simple moving average of $293.48. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, January 2nd. 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.