Janney Montgomery Scott LLC Has $64.40 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Janney Montgomery Scott LLC increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 222,023 shares of the basic materials company’s stock after buying an additional 404 shares during the quarter. Janney Montgomery Scott LLC owned 0.10% of Air Products and Chemicals worth $64,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in Air Products and Chemicals by 106.3% during the 4th quarter. SG Americas Securities LLC now owns 13,494 shares of the basic materials company’s stock valued at $3,914,000 after purchasing an additional 6,952 shares during the period. Daymark Wealth Partners LLC increased its position in Air Products and Chemicals by 6.0% during the 4th quarter. Daymark Wealth Partners LLC now owns 2,253 shares of the basic materials company’s stock valued at $654,000 after purchasing an additional 128 shares during the period. Dakota Wealth Management acquired a new stake in Air Products and Chemicals during the 4th quarter valued at approximately $215,000. Simon Quick Advisors LLC increased its position in Air Products and Chemicals by 12.2% during the 4th quarter. Simon Quick Advisors LLC now owns 999 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 109 shares during the period. Finally, Atomi Financial Group Inc. increased its position in Air Products and Chemicals by 15.5% during the 4th quarter. Atomi Financial Group Inc. now owns 2,381 shares of the basic materials company’s stock valued at $691,000 after purchasing an additional 319 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.9 %

Shares of APD opened at $316.87 on Thursday. The business has a 50-day moving average of $309.66 and a 200 day moving average of $295.61. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00. The firm has a market cap of $70.46 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.26%. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s payout ratio is presently 41.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on APD shares. Barclays increased their price target on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Citigroup increased their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a report on Friday, October 25th. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Finally, Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $330.00 to $350.00 in a research note on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.