Independent Solutions Wealth Management LLC Has $1.07 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Independent Solutions Wealth Management LLC lowered its position in Air Products and Chemicals, Inc. (NYSE:APD) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,599 shares of the basic materials company’s stock after selling 206 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Air Products and Chemicals were worth $1,072,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in shares of Air Products and Chemicals by 17.2% during the second quarter. Assenagon Asset Management S.A. now owns 5,146 shares of the basic materials company’s stock worth $1,328,000 after acquiring an additional 755 shares in the last quarter. JB Capital LLC raised its stake in shares of Air Products and Chemicals by 4.4% in the 2nd quarter. JB Capital LLC now owns 9,719 shares of the basic materials company’s stock valued at $2,508,000 after purchasing an additional 407 shares during the period. Powers Advisory Group LLC boosted its position in shares of Air Products and Chemicals by 2.9% during the second quarter. Powers Advisory Group LLC now owns 1,753 shares of the basic materials company’s stock worth $452,000 after buying an additional 49 shares during the period. Avalon Capital Management acquired a new stake in Air Products and Chemicals in the 2nd quarter valued at approximately $447,000. Finally, Bowman & Co S.C. boosted its position in Air Products and Chemicals by 9.3% during the 2nd quarter. Bowman & Co S.C. now owns 5,613 shares of the basic materials company’s stock worth $1,449,000 after acquiring an additional 479 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.3 %

APD stock traded down $0.83 during mid-day trading on Thursday, reaching $294.48. 380,179 shares of the company traded hands, compared to its average volume of 1,580,887. 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’s 50 day moving average price is $319.95 and its 200 day moving average price is $290.76. The stock has a market cap of $65.49 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 3.13 and a beta of 0.81. 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 declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is currently 41.21%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APD. Citigroup boosted their target price on shares of 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. Barclays raised 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 report on Friday, November 8th. Wells Fargo & Company increased their price target on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a report on Monday, October 7th. Finally, 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. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.53.

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.