Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 11.3% during the third quarter, HoldingsChannel reports. The firm owned 2,670 shares of the basic materials company’s stock after buying an additional 270 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Air Products and Chemicals were worth $795,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of APD. SevenBridge Financial Group LLC lifted its position in Air Products and Chemicals by 4.3% during the 3rd quarter. SevenBridge Financial Group LLC now owns 16,103 shares of the basic materials company’s stock worth $5,055,000 after acquiring an additional 660 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of Air Products and Chemicals by 24.8% during the third quarter. Centaurus Financial Inc. now owns 1,182 shares of the basic materials company’s stock valued at $352,000 after purchasing an additional 235 shares during the period. Borer Denton & Associates Inc. lifted its position in shares of Air Products and Chemicals by 5.0% during the third quarter. Borer Denton & Associates Inc. now owns 5,826 shares of the basic materials company’s stock worth $1,735,000 after purchasing an additional 275 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Air Products and Chemicals by 91.7% in the third quarter. Larson Financial Group LLC now owns 3,384 shares of the basic materials company’s stock valued at $1,008,000 after purchasing an additional 1,619 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. grew its holdings in Air Products and Chemicals by 11.4% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 1,093 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on APD. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research note on Monday, October 7th. The Goldman Sachs Group lifted their price objective on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Redburn Atlantic upgraded shares of 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 note on Friday, October 25th. Finally, Wells Fargo & Company upped their price target on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Stock Performance

APD stock opened at $334.07 on Tuesday. The stock’s fifty day moving average is $311.53 and its two-hundred day moving average is $283.75. The stock has a market capitalization of $74.29 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 3.33 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. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $336.42.

Air Products and Chemicals Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Thursday, January 2nd. 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.