Oregon Pacific Wealth Management LLC Acquires New Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Oregon Pacific Wealth Management LLC bought a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,155 shares of the basic materials company’s stock, valued at approximately $335,000.

Several other hedge funds also recently modified their holdings of APD. Truvestments Capital LLC acquired a new position in Air Products and Chemicals during the third quarter worth $25,000. Raleigh Capital Management Inc. raised its stake in shares of Air Products and Chemicals by 69.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 43 shares in the last quarter. Iron Horse Wealth Management LLC lifted its holdings in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. Fortitude Family Office LLC boosted 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 worth $39,000 after purchasing an additional 50 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in Air Products and Chemicals during the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective for the company. in a report on Monday, January 27th. Jefferies Financial Group raised 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. Mizuho increased their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $330.00 to $350.00 in a research report on Tuesday, January 14th. Finally, Barclays upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $315.00 to $365.00 in a research note on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average price target of $340.50.

Air Products and Chemicals Stock Up 0.1 %

Shares of NYSE APD opened at $335.36 on Monday. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $338.00. 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 business has a fifty day moving average of $310.29 and a two-hundred day moving average of $299.21. The stock has a market cap of $74.58 billion, a PE ratio of 19.52, a PEG ratio of 3.46 and a beta of 0.84.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a $1.79 dividend. The ex-dividend date is Tuesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 dividend on an annualized basis and a yield of 2.14%. Air Products and Chemicals’s payout ratio is 41.68%.

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.