Fifth Third Wealth Advisors LLC Has $1.48 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Fifth Third Wealth Advisors LLC increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,113 shares of the basic materials company’s stock after buying an additional 473 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $1,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC increased its holdings in shares of Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after acquiring an additional 2,884,581 shares in the last quarter. ING Groep NV grew its position in Air Products and Chemicals by 240.7% in the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock valued at $304,717,000 after purchasing an additional 723,019 shares during the period. Mizuho Markets Americas LLC increased its stake in Air Products and Chemicals by 318.7% during the 3rd quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company’s stock valued at $282,473,000 after purchasing an additional 722,132 shares in the last quarter. Van ECK Associates Corp raised its holdings in Air Products and Chemicals by 1,685.4% during the third quarter. Van ECK Associates Corp now owns 764,489 shares of the basic materials company’s stock worth $249,698,000 after buying an additional 721,671 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Air Products and Chemicals by 29,957.6% in the third quarter. International Assets Investment Management LLC now owns 718,075 shares of the basic materials company’s stock valued at $2,138,000,000 after buying an additional 715,686 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.3 %

Shares of APD stock opened at $307.07 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The firm has a market cap of $68.29 billion, a P/E ratio of 17.87, a PEG ratio of 3.13 and a beta of 0.84. The company has a 50 day moving average of $309.35 and a 200-day moving average of $293.39. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis 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 is currently 41.21%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a research report on Friday, October 25th. BMO Capital Markets boosted 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. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. JPMorgan Chase & Co. cut their target price on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective on the stock in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $332.71.

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.