Arkadios Wealth Advisors Boosts Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Arkadios Wealth Advisors raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,126 shares of the basic materials company’s stock after purchasing an additional 2,377 shares during the quarter. Arkadios Wealth Advisors’ holdings in Air Products and Chemicals were worth $3,807,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. O Keefe Stevens Advisory Inc. grew its stake in Air Products and Chemicals by 37.5% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 2,597 shares of the basic materials company’s stock valued at $753,000 after purchasing an additional 708 shares during the last quarter. Somerset Trust Co lifted its holdings in shares of Air Products and Chemicals by 3.1% in the 4th quarter. Somerset Trust Co now owns 12,217 shares of the basic materials company’s stock valued at $3,543,000 after buying an additional 365 shares during the period. Merit Financial Group LLC lifted its holdings in shares of Air Products and Chemicals by 118.2% in the 4th quarter. Merit Financial Group LLC now owns 2,459 shares of the basic materials company’s stock valued at $713,000 after buying an additional 1,332 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at about $7,269,000. Finally, Saxon Interests Inc. lifted its holdings in shares of Air Products and Chemicals by 8.4% in the 4th quarter. Saxon Interests Inc. now owns 4,482 shares of the basic materials company’s stock valued at $1,300,000 after buying an additional 346 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

APD stock opened at $317.11 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The business has a 50 day simple moving average of $309.34 and a 200-day simple moving average of $293.61. The firm has a market capitalization of $70.52 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.88 and a beta of 0.84. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $337.00.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be given a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.23%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup boosted their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday, November 11th. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price objective for the company from $295.00 to $364.00 in a report on Monday, October 7th. Mizuho boosted their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a report on Monday, October 7th. Finally, UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $332.71.

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.