Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 29.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,942 shares of the basic materials company’s stock after purchasing an additional 1,559 shares during the period. S.E.E.D. Planning Group LLC’s holdings in Air Products and Chemicals were worth $2,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of APD. Wealth Enhancement Advisory Services LLC raised its position in shares of Air Products and Chemicals by 59.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock worth $111,488,000 after buying an additional 139,223 shares in the last quarter. Forsta AP Fonden raised its holdings 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 purchasing an additional 5,400 shares in the last quarter. Jensen Investment Management Inc. lifted its position in Air Products and Chemicals by 65.0% in the third 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 during the period. World Investment Advisors LLC boosted its stake in Air Products and Chemicals by 1,205.1% during 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 in the last quarter. Finally, Townsquare Capital LLC increased its position in shares of Air Products and Chemicals by 3.9% during the 3rd quarter. Townsquare Capital LLC now owns 44,661 shares of the basic materials company’s stock valued at $13,297,000 after purchasing an additional 1,662 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of APD opened at $307.83 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The company has a market capitalization of $68.46 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 3.13 and a beta of 0.84. The business’s 50-day moving average is $309.35 and its 200-day moving average is $293.39. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given 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 2.30%. Air Products and Chemicals’s payout ratio is 41.21%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on APD. Barclays upped their price objective on 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. BMO Capital Markets upped their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research note on Monday, October 7th. UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a research note on Monday, November 18th. Finally, Mizuho raised 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 report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.