Integrated Wealth Concepts LLC Acquires 69 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Integrated Wealth Concepts LLC boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,315 shares of the basic materials company’s stock after purchasing an additional 69 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Air Products and Chemicals were worth $1,285,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of APD. Pathway Financial Advisers LLC boosted its stake in Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock worth $861,722,000 after buying an additional 2,884,581 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Air Products and Chemicals by 2,931.0% during the 2nd quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after acquiring an additional 1,737,260 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Air Products and Chemicals by 127.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after acquiring an additional 1,564,169 shares during the period. ING Groep NV raised its position in Air Products and Chemicals by 240.7% in the third quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock worth $304,717,000 after purchasing an additional 723,019 shares in the last quarter. Finally, Mizuho Markets Americas LLC boosted its holdings in Air Products and Chemicals by 318.7% during the third quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company’s stock valued at $282,473,000 after purchasing an additional 722,132 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $320.11 on Monday. The firm’s 50 day moving average price is $318.21 and its two-hundred day moving average price is $288.37. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $337.00. The stock has a market cap of $71.19 billion, a PE ratio of 18.63, a PEG ratio of 3.28 and a beta of 0.81.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.21%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays boosted their price target on Air Products and Chemicals from $295.00 to $315.00 and gave the company 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 upped their target price for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Citigroup lifted their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday, November 11th. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of 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. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.