Radnor Capital Management LLC Sells 1,175 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Radnor Capital Management LLC lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 16.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,899 shares of the basic materials company’s stock after selling 1,175 shares during the period. Radnor Capital Management LLC’s holdings in Air Products and Chemicals were worth $1,711,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at approximately $25,000. Iron Horse Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 55 shares in the last quarter. Fortitude Family Office LLC grew its stake in Air Products and Chemicals by 58.8% during the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after buying an additional 50 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in Air Products and Chemicals during the 3rd quarter valued at $42,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Air Products and Chemicals during the third quarter worth $47,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on APD shares. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $330.00 to $350.00 in a research note on Tuesday. Citigroup lifted their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Mizuho boosted their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Finally, Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $332.71.

Air Products and Chemicals Trading Up 2.0 %

APD stock opened at $307.83 on Wednesday. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00. The company has a market capitalization of $68.46 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. The company’s 50-day simple moving average is $309.35 and its 200 day simple moving average is $293.39. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 annualized dividend and a yield of 2.30%. Air Products and Chemicals’s dividend payout ratio is presently 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.