Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Delta Capital Management LLC

Delta Capital Management LLC increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,940 shares of the basic materials company’s stock after purchasing an additional 50 shares during the period. Air Products and Chemicals accounts for 1.3% of Delta Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. Delta Capital Management LLC’s holdings in Air Products and Chemicals were worth $3,463,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in APD. Truvestments Capital LLC purchased a new position in Air Products and Chemicals during the third quarter worth approximately $25,000. Iron Horse Wealth Management LLC raised its position 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 worth $35,000 after buying an additional 55 shares during the period. Fortitude Family Office LLC boosted its holdings in Air Products and Chemicals by 58.8% in the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 50 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Air Products and Chemicals during the third quarter valued at about $42,000. Finally, Reston Wealth Management LLC acquired a new stake in Air Products and Chemicals during the third quarter worth about $47,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 1.6 %

NYSE APD opened at $317.11 on Friday. 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, Inc. has a one year low of $212.24 and a one year high of $337.00. The company has a 50-day simple moving average of $309.42 and a 200-day simple moving average of $294.10. The firm has a market capitalization of $70.52 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.88 and a beta of 0.84.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on APD shares. Citigroup boosted their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. decreased their target price on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $305.00 to $365.00 in a research report on Monday, October 7th. Finally, Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a research report on Monday, October 7th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus target price of $332.71.

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.