B. Riley Wealth Advisors Inc. Has $1.52 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

B. Riley Wealth Advisors Inc. decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,165 shares of the basic materials company’s stock after selling 312 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Air Products and Chemicals were worth $1,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fidelity D & D Bancorp Inc. raised its position in shares of Air Products and Chemicals by 3.8% in the third quarter. Fidelity D & D Bancorp Inc. now owns 1,555 shares of the basic materials company’s stock valued at $463,000 after purchasing an additional 57 shares during the period. Synovus Financial Corp grew its stake in Air Products and Chemicals by 85.1% in the 3rd quarter. Synovus Financial Corp now owns 6,514 shares of the basic materials company’s stock valued at $1,939,000 after buying an additional 2,995 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Air Products and Chemicals by 286.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,299 shares of the basic materials company’s stock valued at $6,342,000 after buying an additional 15,791 shares during the last quarter. World Investment Advisors LLC lifted its position in Air Products and Chemicals by 1,205.1% during the third quarter. World Investment Advisors LLC now owns 38,423 shares of the basic materials company’s stock worth $11,440,000 after acquiring an additional 35,479 shares during the last quarter. Finally, Anchor Investment Management LLC lifted its position in Air Products and Chemicals by 35.5% during the third quarter. Anchor Investment Management LLC now owns 2,930 shares of the basic materials company’s stock worth $872,000 after acquiring an additional 768 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Down 1.8 %

NYSE APD opened at $306.75 on Tuesday. The business has a fifty day moving average price of $320.44 and a two-hundred day moving average price of $290.46. The stock has a market capitalization of $68.22 billion, a PE ratio of 17.86, a PEG ratio of 3.13 and a beta of 0.81. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on APD. Mizuho increased their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research report on Monday, October 7th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Citigroup upped 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 note on Monday, November 11th. Finally, Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $331.53.

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.