FNY Investment Advisers LLC Acquires New Position in Air Products and Chemicals, Inc. (NYSE:APD)

FNY Investment Advisers LLC acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,500 shares of the basic materials company’s stock, valued at approximately $435,000.

A number of other institutional investors have also recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in shares of Air Products and Chemicals in the 3rd quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals in the second quarter valued at about $32,000. Iron Horse Wealth Management LLC lifted its stake in Air Products and Chemicals by 88.7% in 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 period. Fortitude Family Office LLC boosted its holdings in Air Products and Chemicals by 58.8% during the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after buying an additional 50 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

APD has been the subject of several research analyst reports. Barclays boosted their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $305.00 to $365.00 in a research report on Monday, October 7th. Mizuho raised their target price 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. 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 report on Monday, November 11th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Stock Up 3.0 %

NYSE:APD opened at $301.87 on Tuesday. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00. The firm has a market capitalization of $67.13 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. 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 stock’s 50 day moving average price is $309.32 and its two-hundred day moving average price is $293.04.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.35%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.21%.

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.