Flywheel Private Wealth LLC Takes $680,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

Flywheel Private Wealth LLC purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,345 shares of the basic materials company’s stock, valued at approximately $680,000. Air Products and Chemicals comprises 0.6% of Flywheel Private Wealth LLC’s portfolio, making the stock its 28th biggest position.

Several other large investors also recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in shares of Air Products and Chemicals in the 3rd quarter worth $25,000. Iron Horse Wealth Management LLC grew its holdings in shares of Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Fortitude Family Office LLC grew its holdings in shares of Air Products and Chemicals by 58.8% in the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 50 shares during the period. Prospera Private Wealth LLC acquired a new stake in Air Products and Chemicals during the third quarter worth about $42,000. Finally, Reston Wealth Management LLC purchased a new position in Air Products and Chemicals during the third quarter worth about $47,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $307.07 on Thursday. The firm has a 50 day moving average of $309.35 and a two-hundred day moving average of $293.39. The stock has a market capitalization of $68.29 billion, a PE ratio of 17.87, a P/E/G ratio of 3.13 and a beta of 0.84. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be issued a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

Wall Street Analyst Weigh In

APD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Citigroup lifted their target price on 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. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research note on Monday, October 7th. Barclays raised their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $332.71.

About Air Products and Chemicals

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.