Air Products and Chemicals, Inc. (NYSE:APD) Stock Position Increased by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC grew its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,484 shares of the basic materials company’s stock after buying an additional 286 shares during the period. Air Products and Chemicals makes up approximately 1.3% of Mitchell & Pahl Private Wealth LLC’s investment portfolio, making the stock its 17th largest position. Mitchell & Pahl Private Wealth LLC’s holdings in Air Products and Chemicals were worth $2,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in APD. Pathway Financial Advisers LLC boosted its position 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 worth $861,722,000 after buying an additional 2,884,581 shares during the period. ING Groep NV boosted its position in Air Products and Chemicals by 240.7% during the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock worth $304,717,000 after acquiring an additional 723,019 shares during the period. Mizuho Markets Americas LLC boosted its position 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 worth $282,473,000 after acquiring an additional 722,132 shares during the period. Van ECK Associates Corp increased its holdings in shares of 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 valued at $249,698,000 after purchasing an additional 721,671 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of Air Products and Chemicals by 29,957.6% during 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 purchasing an additional 715,686 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

APD stock opened at $317.11 on Tuesday. The firm has a 50-day moving average of $309.42 and a two-hundred day moving average of $294.69. The firm has a market capitalization of $70.52 billion, a PE ratio of 18.46, a P/E/G ratio of 2.88 and a beta of 0.84. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00.

Air Products and Chemicals Announces Dividend

The company 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 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio is 41.21%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on APD shares. JPMorgan Chase & Co. decreased 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 report on Friday, November 8th. BMO Capital Markets increased their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company 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 boosted their target price for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a research note on Friday, October 25th. Finally, StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Seven 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 has an average rating of “Moderate Buy” and an average target price of $332.71.

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.