Air Products and Chemicals, Inc. (NYSE:APD) Stock Holdings Lessened by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,882 shares of the basic materials company’s stock after selling 75 shares during the quarter. Air Products and Chemicals accounts for approximately 3.0% of A. D. Beadell Investment Counsel Inc.’s investment portfolio, making the stock its 5th largest position. A. D. Beadell Investment Counsel Inc.’s holdings in Air Products and Chemicals were worth $3,736,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its holdings in shares of Air Products and Chemicals by 127.6% in the 2nd quarter. Acadian Asset Management LLC now owns 7,529 shares of the basic materials company’s stock worth $1,940,000 after purchasing an additional 4,221 shares during the period. Royal London Asset Management Ltd. increased its position in Air Products and Chemicals by 39.9% during the second quarter. Royal London Asset Management Ltd. now owns 37,519 shares of the basic materials company’s stock valued at $9,615,000 after acquiring an additional 10,696 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Air Products and Chemicals by 1.7% in the second quarter. Coldstream Capital Management Inc. now owns 4,772 shares of the basic materials company’s stock valued at $1,231,000 after acquiring an additional 78 shares during the period. MGO One Seven LLC lifted its holdings in shares of Air Products and Chemicals by 85.8% in the 2nd quarter. MGO One Seven LLC now owns 16,030 shares of the basic materials company’s stock worth $4,137,000 after acquiring an additional 7,404 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Air Products and Chemicals by 2.5% during the 2nd quarter. American Century Companies Inc. now owns 41,220 shares of the basic materials company’s stock worth $10,637,000 after purchasing an additional 999 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock traded up $5.73 on Friday, reaching $290.98. 563,915 shares of the stock were exchanged, compared to its average volume of 1,131,745. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00. The business has a 50 day moving average price of $309.73 and a two-hundred day moving average price of $292.23. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $64.71 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 3.13 and a beta of 0.84.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.43%. Air Products and Chemicals’s payout ratio is currently 41.21%.

Analyst Ratings Changes

APD has been the subject of several research analyst reports. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a research report on Friday, October 25th. BMO Capital Markets lifted their price objective 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. Barclays upped their target price on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Finally, 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 report on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.