Olistico Wealth LLC Acquires 100 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Olistico Wealth LLC grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,190 shares of the basic materials company’s stock after acquiring an additional 100 shares during the period. Olistico Wealth LLC’s holdings in Air Products and Chemicals were worth $345,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Sei Investments Co. lifted its holdings in Air Products and Chemicals by 2.4% in the 2nd quarter. Sei Investments Co. now owns 78,328 shares of the basic materials company’s stock worth $20,213,000 after purchasing an additional 1,852 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Air Products and Chemicals by 175.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,333 shares of the basic materials company’s stock worth $352,000 after buying an additional 849 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Air Products and Chemicals by 67.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 8,540 shares of the basic materials company’s stock worth $2,204,000 after buying an additional 3,451 shares during the period. Marshall Wace LLP grew its stake in Air Products and Chemicals by 175.5% in the 2nd quarter. Marshall Wace LLP now owns 45,366 shares of the basic materials company’s stock valued at $11,707,000 after buying an additional 28,901 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC bought a new position in Air Products and Chemicals in the 2nd quarter worth $219,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on APD shares. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price target for the company from $305.00 to $365.00 in a report on Monday, October 7th. Barclays raised their target price on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a report on Monday, November 18th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research report on Friday, October 25th. Finally, BMO Capital Markets boosted their target price on shares of 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 analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $332.71.

Air Products and Chemicals Stock Down 0.9 %

Shares of NYSE APD opened at $316.87 on Thursday. The business has a fifty day moving average of $309.66 and a two-hundred day moving average of $295.61. 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 52-week low of $212.24 and a 52-week high of $337.00. The stock has a market cap of $70.46 billion, a PE ratio of 18.44, a PEG ratio of 3.16 and a beta of 0.84.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a $1.79 dividend. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 dividend on an annualized basis and a yield of 2.26%. Air Products and Chemicals’s payout ratio is 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.