Plimoth Trust Co. LLC Sells 325 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Plimoth Trust Co. LLC lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 18.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,444 shares of the basic materials company’s stock after selling 325 shares during the period. Plimoth Trust Co. LLC’s holdings in Air Products and Chemicals were worth $419,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Air Products and Chemicals by 106.3% during the fourth quarter. SG Americas Securities LLC now owns 13,494 shares of the basic materials company’s stock worth $3,914,000 after purchasing an additional 6,952 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Air Products and Chemicals by 59.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock valued at $111,488,000 after acquiring an additional 139,223 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Air Products and Chemicals during the fourth quarter valued at $7,269,000. Forsta AP Fonden lifted its stake in shares of Air Products and Chemicals by 13.4% during the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock valued at $13,607,000 after acquiring an additional 5,400 shares during the period. Finally, Diversify Wealth Management LLC lifted its stake in shares of Air Products and Chemicals by 88.2% during the fourth quarter. Diversify Wealth Management LLC now owns 10,490 shares of the basic materials company’s stock valued at $3,074,000 after acquiring an additional 4,916 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.1 %

APD stock traded down $0.48 during mid-day trading on Wednesday, reaching $326.53. The company had a trading volume of 89,527 shares, compared to its average volume of 1,692,845. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00. The stock has a 50 day simple moving average of $310.10 and a two-hundred day simple moving average of $298.00. The company has a market capitalization of $72.61 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 3.16 and a beta of 0.84.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $1.79 per share. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s payout ratio is currently 41.21%.

Analyst Upgrades and Downgrades

APD has been the topic of several research reports. Mizuho upped their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price target for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target on the stock in a research note on Friday, October 25th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Finally, Barclays raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $315.00 to $365.00 in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $338.47.

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.