797 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Purchased by CWS Financial Advisors LLC

CWS Financial Advisors LLC purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the third quarter, HoldingsChannel reports. The fund purchased 797 shares of the basic materials company’s stock, valued at approximately $237,000.

A number of other hedge funds have also bought and sold shares of the business. Truvestments Capital LLC bought a new position in Air Products and Chemicals in the 3rd quarter valued at about $25,000. Iron Horse Wealth Management LLC increased its holdings in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares during the period. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals in the 2nd quarter valued at about $32,000. Prospera Private Wealth LLC bought a new position in Air Products and Chemicals in the 3rd quarter valued at about $42,000. Finally, Trifecta Capital Advisors LLC increased its holdings in Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after buying an additional 136 shares during the period. 81.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on APD. 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. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the company from $295.00 to $364.00 in a report on Monday, October 7th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a report on Monday, October 7th. Finally, Mizuho lifted their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Stock Down 0.5 %

Shares of NYSE APD opened at $333.22 on Friday. The company has a market capitalization of $74.10 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 3.35 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $336.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The company’s 50 day moving average price is $314.23 and its 200-day moving average price is $285.02.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.12%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.21%.

Air Products and Chemicals 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.