Brady Family Wealth LLC Sells 654 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Brady Family Wealth LLC cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,776 shares of the basic materials company’s stock after selling 654 shares during the period. Brady Family Wealth LLC’s holdings in Air Products and Chemicals were worth $3,995,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in APD. Wealth Enhancement Advisory Services LLC grew its holdings in Air Products and Chemicals by 59.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock valued at $111,488,000 after buying an additional 139,223 shares in the last quarter. Forsta AP Fonden increased its position in Air Products and Chemicals by 13.4% during the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock worth $13,607,000 after acquiring an additional 5,400 shares during the period. Jensen Investment Management Inc. raised its stake in Air Products and Chemicals by 65.0% in the 3rd quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock worth $3,921,000 after purchasing an additional 5,190 shares in the last quarter. World Investment Advisors LLC boosted its holdings in Air Products and Chemicals by 1,205.1% in the 3rd quarter. World Investment Advisors LLC now owns 38,423 shares of the basic materials company’s stock valued at $11,440,000 after purchasing an additional 35,479 shares during the period. Finally, Townsquare Capital LLC raised its position in shares of Air Products and Chemicals by 3.9% in the third quarter. Townsquare Capital LLC now owns 44,661 shares of the basic materials company’s stock valued at $13,297,000 after buying an additional 1,662 shares in the last quarter. 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 market capitalization of $68.29 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 3.13 and a beta of 0.84. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The business’s 50-day moving average price is $309.35 and its 200-day moving average price is $293.39. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $337.00.

Air Products and Chemicals Announces Dividend

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 issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is 41.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays increased their price target 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. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on 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. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. Finally, Mizuho raised their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock 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.