Great Valley Advisor Group Inc. Buys 673 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Great Valley Advisor Group Inc. raised its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,505 shares of the basic materials company’s stock after acquiring an additional 673 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Air Products and Chemicals were worth $4,616,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Keyes Stange & Wooten Wealth Management LLC increased its position in shares of Air Products and Chemicals by 1.5% during the 3rd quarter. Keyes Stange & Wooten Wealth Management LLC now owns 2,560 shares of the basic materials company’s stock worth $762,000 after purchasing an additional 37 shares in the last quarter. Nicolet Advisory Services LLC grew its stake in Air Products and Chemicals by 6.7% during the third quarter. Nicolet Advisory Services LLC now owns 1,605 shares of the basic materials company’s stock worth $458,000 after buying an additional 101 shares during the last quarter. Stonebrook Private Inc. increased its holdings in shares of Air Products and Chemicals by 0.9% during the third quarter. Stonebrook Private Inc. now owns 9,268 shares of the basic materials company’s stock worth $2,760,000 after buying an additional 84 shares in the last quarter. CFS Investment Advisory Services LLC bought a new position in shares of Air Products and Chemicals in the third quarter valued at approximately $1,722,000. Finally, Raymond James Trust N.A. boosted its holdings in shares of Air Products and Chemicals by 4.4% in the 3rd quarter. Raymond James Trust N.A. now owns 52,378 shares of the basic materials company’s stock worth $15,595,000 after acquiring an additional 2,211 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on APD. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a report on Friday, October 25th. UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a research note on Monday, November 18th. Jefferies Financial Group raised 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. Citigroup increased their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $331.53.

Air Products and Chemicals Stock Performance

APD stock opened at $331.83 on Friday. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.69. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The company has a market cap of $73.77 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 3.30 and a beta of 0.81. The business’s fifty day moving average is $310.63 and its 200-day moving average is $282.91.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.13%. Air Products and Chemicals’s payout ratio is 41.21%.

Air Products and Chemicals Company 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.