AMI Asset Management Corp Has $720,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

AMI Asset Management Corp trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,483 shares of the basic materials company’s stock after selling 69 shares during the period. AMI Asset Management Corp’s holdings in Air Products and Chemicals were worth $720,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Solidarity Wealth LLC purchased a new position in shares of Air Products and Chemicals during the 4th quarter valued at $4,644,000. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Air Products and Chemicals by 3.1% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 9,484 shares of the basic materials company’s stock valued at $2,751,000 after acquiring an additional 286 shares in the last quarter. Ballentine Partners LLC lifted its position in Air Products and Chemicals by 3.3% during the fourth quarter. Ballentine Partners LLC now owns 5,923 shares of the basic materials company’s stock valued at $1,718,000 after purchasing an additional 191 shares during the last quarter. ZWJ Investment Counsel Inc. increased its stake in Air Products and Chemicals by 4.2% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 53,274 shares of the basic materials company’s stock valued at $15,452,000 after acquiring an additional 2,164 shares during the last quarter. Finally, Sky Investment Group LLC raised its holdings in shares of Air Products and Chemicals by 6.4% during the 4th quarter. Sky Investment Group LLC now owns 6,014 shares of the basic materials company’s stock valued at $1,744,000 after buying an additional 364 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $317.11 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00. The stock has a 50 day moving average of $309.49 and a two-hundred day moving average of $295.14. The stock has a market cap of $70.52 billion, a P/E ratio of 18.46, a P/E/G ratio of 3.16 and a beta of 0.84.

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 dividend of $1.77 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.23%. Air Products and Chemicals’s payout ratio is currently 41.21%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on APD. BMO Capital Markets lifted their target price on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Mizuho boosted 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. Citigroup upped their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. dropped their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $332.71.

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.