Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Phoenix Wealth Advisors

Phoenix Wealth Advisors decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,365 shares of the basic materials company’s stock after selling 296 shares during the period. Air Products and Chemicals makes up approximately 1.2% of Phoenix Wealth Advisors’ investment portfolio, making the stock its 24th largest position. Phoenix Wealth Advisors’ holdings in Air Products and Chemicals were worth $2,716,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Air Products and Chemicals by 59.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock valued at $111,488,000 after acquiring an additional 139,223 shares during the last quarter. Forsta AP Fonden raised its holdings in Air Products and Chemicals by 13.4% in the 3rd quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock valued at $13,607,000 after acquiring an additional 5,400 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in Air Products and Chemicals in the 4th quarter valued at about $7,269,000. Jensen Investment Management Inc. increased its holdings in shares of Air Products and Chemicals by 65.0% during the 3rd quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock worth $3,921,000 after buying an additional 5,190 shares during the last quarter. Finally, World Investment Advisors LLC increased its holdings in shares of Air Products and Chemicals by 1,205.1% during the 3rd quarter. World Investment Advisors LLC now owns 38,423 shares of the basic materials company’s stock worth $11,440,000 after buying an additional 35,479 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APD. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a report on Monday, October 7th. Citigroup raised their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price target for the company from $305.00 to $365.00 in a research report on Monday, October 7th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price target for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, BMO Capital Markets raised 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. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus price target of $332.71.

Air Products and Chemicals Trading Up 0.6 %

NYSE APD opened at $319.62 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. The firm has a market cap of $71.08 billion, a PE ratio of 18.60, a P/E/G ratio of 3.16 and a beta of 0.84. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The firm’s fifty day moving average is $309.66 and its two-hundred day moving average is $295.61.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed 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 of this dividend is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.22%. Air Products and Chemicals’s dividend payout ratio is presently 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.