Lion Street Advisors LLC Buys 150 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Lion Street Advisors LLC raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 8.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,878 shares of the basic materials company’s stock after buying an additional 150 shares during the quarter. Lion Street Advisors LLC’s holdings in Air Products and Chemicals were worth $545,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in APD. Truvestments Capital LLC acquired a new position in Air Products and Chemicals during the 3rd quarter valued at about $25,000. Raleigh Capital Management Inc. grew its stake in shares of Air Products and Chemicals by 69.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 43 shares during the last quarter. Financial Life Planners acquired a new position in shares of Air Products and Chemicals during the fourth quarter valued at about $31,000. Iron Horse Wealth Management LLC raised its position in shares of 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 valued at $35,000 after purchasing an additional 55 shares during the last quarter. Finally, Newton One Investments LLC acquired a new stake in Air Products and Chemicals in the 4th quarter worth approximately $38,000. 81.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APD has been the subject of a number of research analyst reports. Sanford C. Bernstein raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price target for the company in a report on Friday, January 31st. UBS Group lifted their price target on Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a report on Friday, October 25th. Bank of America downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 target price for the company. in a report on Monday, January 27th. Finally, Mizuho increased their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $340.50.

Air Products and Chemicals Stock Performance

APD opened at $335.45 on Wednesday. The company has a market cap of $74.60 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 3.55 and a beta of 0.85. The firm’s fifty day simple moving average is $310.40 and its two-hundred day simple moving average is $300.43. 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, Inc. has a 52-week low of $212.24 and a 52-week high of $341.14.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $1.79 per share. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s payout ratio is 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.