Bennett Associates Wealth Management Has $322,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Bennett Associates Wealth Management decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 13.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,110 shares of the basic materials company’s stock after selling 167 shares during the quarter. Bennett Associates Wealth Management’s holdings in Air Products and Chemicals were worth $322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Air Products and Chemicals by 59.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock worth $111,488,000 after acquiring an additional 139,223 shares during the period. Forsta AP Fonden raised its holdings in Air Products and Chemicals by 13.4% in the 3rd quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock valued at $13,607,000 after buying an additional 5,400 shares during the last quarter. Jensen Investment Management Inc. boosted its position in Air Products and Chemicals by 65.0% during the 3rd quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock worth $3,921,000 after buying an additional 5,190 shares during the period. World Investment Advisors LLC grew its holdings in Air Products and Chemicals by 1,205.1% during the 3rd 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, Townsquare Capital LLC increased its position in Air Products and Chemicals by 3.9% in the 3rd quarter. Townsquare Capital LLC now owns 44,661 shares of the basic materials company’s stock valued at $13,297,000 after acquiring an additional 1,662 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on APD shares. Wells Fargo & Company raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $330.00 to $350.00 in a research note on Tuesday. Citigroup upped their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, November 11th. BMO Capital Markets lifted their target price 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 upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $332.71.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $312.01 on Friday. The business’s fifty day simple moving average is $309.36 and its 200 day simple moving average is $293.48. 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 12 month low of $212.24 and a 12 month high of $337.00. The firm has a market capitalization of $69.39 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 2.88 and a beta of 0.84.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.21%.

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.