Barlow Wealth Partners Inc. Lowers Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Barlow Wealth Partners Inc. lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 45.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,061 shares of the basic materials company’s stock after selling 888 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in Air Products and Chemicals were worth $326,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in APD. Sei Investments Co. increased its position in shares of Air Products and Chemicals by 2.4% during the second quarter. Sei Investments Co. now owns 78,328 shares of the basic materials company’s stock worth $20,213,000 after acquiring an additional 1,852 shares during the period. Frank Rimerman Advisors LLC acquired a new position in Air Products and Chemicals during the 2nd quarter worth $530,000. EverSource Wealth Advisors LLC increased its holdings in Air Products and Chemicals by 175.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,333 shares of the basic materials company’s stock worth $352,000 after purchasing an additional 849 shares during the period. Certified Advisory Corp raised its position in Air Products and Chemicals by 15.5% in the 2nd quarter. Certified Advisory Corp now owns 5,888 shares of the basic materials company’s stock valued at $1,519,000 after purchasing an additional 792 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of Air Products and Chemicals by 67.8% during the second quarter. Public Sector Pension Investment Board now owns 8,540 shares of the basic materials company’s stock worth $2,204,000 after buying an additional 3,451 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

APD has been the topic of several analyst reports. Citigroup raised their target price 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. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a research report on Monday, October 7th. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $330.00 to $350.00 in a report on Tuesday, January 14th. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $332.71.

Air Products and Chemicals Stock Performance

NYSE APD opened at $319.62 on Wednesday. The firm has a market cap of $71.08 billion, a P/E ratio of 18.60, a P/E/G ratio of 3.16 and a beta of 0.84. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $337.00. The business’s 50-day moving average price is $309.49 and its 200 day moving average price is $295.14. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72.

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 paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 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.