Nicolet Advisory Services LLC Boosts Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Nicolet Advisory Services LLC lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,605 shares of the basic materials company’s stock after buying an additional 101 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Air Products and Chemicals were worth $458,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in APD. Pathway Financial Advisers LLC increased its holdings in shares of Air Products and Chemicals by 29,954.1% in the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock worth $861,722,000 after buying an additional 2,884,581 shares during the period. National Bank of Canada FI boosted its stake in shares of Air Products and Chemicals by 2,931.0% during the second quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after purchasing an additional 1,737,260 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Air Products and Chemicals by 127.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock worth $720,597,000 after purchasing an additional 1,564,169 shares during the last quarter. ING Groep NV increased its stake in shares of Air Products and Chemicals by 240.7% in the third quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock worth $304,717,000 after buying an additional 723,019 shares during the period. Finally, Mizuho Markets Americas LLC raised its holdings in Air Products and Chemicals by 318.7% during the 3rd quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company’s stock valued at $282,473,000 after buying an additional 722,132 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.9 %

Shares of NYSE APD opened at $331.83 on Friday. The company has a market cap of $73.77 billion, a PE ratio of 19.31, a P/E/G ratio of 3.30 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The firm’s 50 day moving average price is $310.63 and its 200-day moving average price is $282.91. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.69.

Air Products and Chemicals Dividend Announcement

The firm 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 dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.13%. Air Products and Chemicals’s dividend payout ratio is 41.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup boosted their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, November 11th. 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 research report on Friday, October 25th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. BMO Capital Markets upped their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, Barclays lifted their price target on shares of 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. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $331.53.

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.