Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Milestone Asset Management LLC

Milestone Asset Management LLC boosted its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,181 shares of the basic materials company’s stock after purchasing an additional 57 shares during the quarter. Milestone Asset Management LLC’s holdings in Air Products and Chemicals were worth $633,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in Air Products and Chemicals by 106.3% in 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 buying an additional 6,952 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in 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 in the last quarter. Wedge Capital Management L L P NC acquired a new stake in Air Products and Chemicals in the 4th quarter valued at about $7,269,000. Forsta AP Fonden raised its position 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 purchasing an additional 5,400 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its position in shares of Air Products and Chemicals by 88.2% during the 4th quarter. Diversify Wealth Management LLC now owns 10,490 shares of the basic materials company’s stock worth $3,074,000 after acquiring an additional 4,916 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

NYSE APD opened at $327.45 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $72.82 billion, a P/E ratio of 19.06, a P/E/G ratio of 3.16 and a beta of 0.84. 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 50-day moving average price of $310.10 and a two-hundred day moving average price of $298.00.

Air Products and Chemicals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.19%. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio is currently 41.68%.

Wall Street Analyst Weigh In

APD has been the topic of several research analyst reports. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their target price for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. JPMorgan Chase & Co. reduced their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Mizuho boosted their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the stock 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 objective for the company in a research report on Monday, October 7th. Finally, Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $330.00 to $350.00 in a research report on Tuesday, January 14th. Seven 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $338.47.

Read Our Latest Stock Report on Air Products and Chemicals

Air Products and Chemicals Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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