First Pacific Financial Sells 86 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

First Pacific Financial trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,133 shares of the basic materials company’s stock after selling 86 shares during the period. First Pacific Financial’s holdings in Air Products and Chemicals were worth $1,199,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of APD. Geode Capital Management LLC lifted its position in Air Products and Chemicals by 1.9% in the third quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company’s stock worth $1,448,570,000 after buying an additional 88,806 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Air Products and Chemicals by 4.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock valued at $790,371,000 after acquiring an additional 122,676 shares during the period. Pathway Financial Advisers LLC lifted its holdings in shares of Air Products and Chemicals by 29,954.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock worth $861,722,000 after acquiring an additional 2,884,581 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Air Products and Chemicals by 1.7% during the 3rd quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock worth $608,312,000 after purchasing an additional 33,313 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in Air Products and Chemicals by 25.2% during the 2nd quarter. Clearbridge Investments LLC now owns 1,936,582 shares of the basic materials company’s stock valued at $499,735,000 after purchasing an additional 389,380 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

APD has been the subject of several recent analyst reports. UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a research report on Monday, November 18th. JPMorgan Chase & Co. dropped their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their target price for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. 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 research report on Monday, October 7th. Finally, Mizuho upped their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $332.71.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $312.01 on Friday. 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 company has a market capitalization of $69.39 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 2.88 and a beta of 0.84. The firm has a 50 day moving average of $309.36 and a 200 day moving average of $293.48. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00.

Air Products and Chemicals Announces Dividend

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 given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is currently 41.21%.

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.