Baker Tilly Wealth Management LLC Acquires 156 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Baker Tilly Wealth Management LLC lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,317 shares of the basic materials company’s stock after buying an additional 156 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Air Products and Chemicals were worth $672,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of APD. Acadian Asset Management LLC increased its stake in shares of Air Products and Chemicals by 127.6% during the second quarter. Acadian Asset Management LLC now owns 7,529 shares of the basic materials company’s stock valued at $1,940,000 after buying an additional 4,221 shares during the period. Royal London Asset Management Ltd. boosted its stake in shares of 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 purchasing an additional 10,696 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Air Products and Chemicals by 1.7% during 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 buying an additional 78 shares during the period. MGO One Seven LLC raised its stake in Air Products and Chemicals by 85.8% in the second quarter. MGO One Seven LLC now owns 16,030 shares of the basic materials company’s stock worth $4,137,000 after buying an additional 7,404 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Air Products and Chemicals by 2.5% during the second quarter. American Century Companies Inc. now owns 41,220 shares of the basic materials company’s stock worth $10,637,000 after buying an additional 999 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a research report on Monday, November 18th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a report on Friday, October 25th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. reduced their price objective 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. Finally, Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $331.53.

Air Products and Chemicals Stock Performance

NYSE APD traded up $8.08 on Friday, hitting $293.33. 432,812 shares of the company’s stock traded hands, compared to its average volume of 1,104,330. The firm’s 50-day moving average price is $309.73 and its two-hundred day moving average price is $292.23. The firm has a market capitalization of $65.23 billion, a PE ratio of 17.07, a P/E/G ratio of 3.13 and a beta of 0.84. 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 1-year low of $212.24 and a 1-year high of $337.00.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is 41.21%.

Air Products and Chemicals Company 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.