Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 52,378 shares of the basic materials company’s stock after acquiring an additional 2,211 shares during the quarter. Raymond James Trust N.A.’s holdings in Air Products and Chemicals were worth $15,595,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC lifted 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 worth $35,000 after buying an additional 55 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals in the second quarter worth about $32,000. Prospera Private Wealth LLC acquired a new position in Air Products and Chemicals in the third quarter valued at approximately $42,000. Trifecta Capital Advisors LLC raised its position in shares of Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares during the period. Finally, Reston Wealth Management LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter worth approximately $47,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Up 0.3 %

Air Products and Chemicals stock opened at $328.69 on Friday. The firm has a market cap of $73.07 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. The firm’s 50 day moving average price is $309.67 and its two-hundred day moving average price is $282.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.15%. Air Products and Chemicals’s payout ratio is 41.21%.

Analysts Set New Price Targets

A number of research analysts recently commented on APD shares. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. Citigroup increased their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. reduced their target price on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. The Goldman Sachs Group raised their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Redburn Atlantic upgraded 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. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $331.53.

About Air Products and Chemicals

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.