Boston Family Office LLC Sells 303 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Boston Family Office LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,335 shares of the basic materials company’s stock after selling 303 shares during the quarter. Air Products and Chemicals makes up about 1.8% of Boston Family Office LLC’s portfolio, making the stock its 14th largest position. Boston Family Office LLC’s holdings in Air Products and Chemicals were worth $26,003,000 at the end of the most recent reporting period.

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

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $331.83 on Monday. The firm has a market capitalization of $73.79 billion, a P/E ratio of 19.31, a PEG ratio of 3.33 and a beta of 0.81. The stock has a fifty day moving average price of $310.63 and a 200 day moving average price of $283.16. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.69. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals Announces Dividend

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

Analysts Set New Price Targets

APD has been the subject of a number of recent research reports. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Mizuho upped their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Citigroup upped their target price on shares of 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. Finally, UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective on the stock in a research report on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus price target of $331.53.

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.