CarsonAllaria Wealth Management Ltd. Has $203,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

CarsonAllaria Wealth Management Ltd. lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 10.0% during the 4th quarter, HoldingsChannel reports. The firm owned 699 shares of the basic materials company’s stock after selling 78 shares during the period. CarsonAllaria Wealth Management Ltd.’s holdings in Air Products and Chemicals were worth $203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. SG Americas Securities LLC boosted its position 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 buying an additional 6,952 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Air Products and Chemicals by 59.2% in the 4th 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 in the last quarter. Wedge Capital Management L L P NC acquired a new position in Air Products and Chemicals during the 4th quarter worth approximately $7,269,000. Forsta AP Fonden grew its stake in shares of Air Products and Chemicals by 13.4% during the 3rd quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock worth $13,607,000 after acquiring an additional 5,400 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its holdings in shares of Air Products and Chemicals by 88.2% in 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 purchasing an additional 4,916 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on APD. UBS Group increased their target price on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective for the company. in a research note on Monday, January 27th. Citigroup lifted their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Sanford C. Bernstein raised Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price target for the company in a research report on Friday, January 31st. Finally, BMO Capital Markets boosted their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $340.50.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $335.45 on Wednesday. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $341.14. The company has a market capitalization of $74.60 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 3.55 and a beta of 0.85. The company has a 50-day simple moving average of $310.39 and a 200 day simple moving average of $299.92. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders 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 dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s payout ratio is currently 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.