True North Advisors LLC Acquires 221 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

True North Advisors LLC boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,401 shares of the basic materials company’s stock after purchasing an additional 221 shares during the period. True North Advisors LLC’s holdings in Air Products and Chemicals were worth $1,276,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in Air Products and Chemicals during the 3rd quarter valued at $25,000. Iron Horse Wealth Management LLC raised its position in shares of Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares during the last quarter. Fortitude Family Office LLC lifted its stake in shares of Air Products and Chemicals by 58.8% in the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after buying an additional 50 shares during the period. Prospera Private Wealth LLC acquired a new stake in Air Products and Chemicals during the third quarter worth about $42,000. Finally, Reston Wealth Management LLC bought a new position in Air Products and Chemicals during the third quarter valued at about $47,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Down 0.9 %

Shares of Air Products and Chemicals stock opened at $316.87 on Thursday. The stock has a market cap of $70.46 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. The business has a fifty day simple moving average of $309.66 and a 200 day simple moving average of $295.61. 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 12 month low of $212.24 and a 12 month high of $337.00.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be issued a $1.79 dividend. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a dividend yield of 2.26%. Air Products and Chemicals’s dividend payout ratio is 41.21%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on APD shares. BMO Capital Markets lifted their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $330.00 to $350.00 in a report on Tuesday, January 14th. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a report on Friday, October 25th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the company from $295.00 to $364.00 in a report on Monday, October 7th. Finally, Mizuho raised their price objective 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 equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus target price of $332.71.

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.