Douglas Lane & Associates LLC Grows Position in Air Products and Chemicals, Inc. (NYSE:APD)

Douglas Lane & Associates LLC boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 10.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 239,987 shares of the basic materials company’s stock after acquiring an additional 22,610 shares during the period. Douglas Lane & Associates LLC owned 0.11% of Air Products and Chemicals worth $69,606,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on APD. JPMorgan Chase & Co. decreased their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Citigroup increased their price target 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. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research note on Monday, October 7th. Mizuho raised their price objective 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. Finally, BMO Capital Markets boosted their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $331.53.

Air Products and Chemicals Stock Down 0.1 %

Shares of APD stock traded down $0.22 on Wednesday, hitting $286.11. The stock had a trading volume of 421,728 shares, compared to its average volume of 1,123,513. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The business has a 50 day moving average price of $310.79 and a 200 day moving average price of $292.33. The company has a market cap of $63.63 billion, a PE ratio of 16.65, a P/E/G ratio of 3.13 and a beta of 0.84.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $1.77 per share. 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 2.47%. Air Products and Chemicals’s dividend payout ratio is presently 41.21%.

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.