Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 16.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 27,094 shares of the basic materials company’s stock after selling 5,348 shares during the period. HB Wealth Management LLC’s holdings in Air Products and Chemicals were worth $7,857,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in APD. American Century Companies Inc. lifted its stake in shares of Air Products and Chemicals by 2.5% in 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 in the last quarter. Brighton Jones LLC lifted its stake in Air Products and Chemicals by 6.8% in the 2nd quarter. Brighton Jones LLC now owns 3,172 shares of the basic materials company’s stock worth $819,000 after purchasing an additional 202 shares in the last quarter. Ieq Capital LLC grew its position in shares of Air Products and Chemicals by 11.3% in the second quarter. Ieq Capital LLC now owns 10,265 shares of the basic materials company’s stock valued at $2,649,000 after purchasing an additional 1,046 shares in the last quarter. Bridges Investment Management Inc. increased its holdings in shares of Air Products and Chemicals by 65.7% in the second quarter. Bridges Investment Management Inc. now owns 2,758 shares of the basic materials company’s stock valued at $712,000 after purchasing an additional 1,094 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Air Products and Chemicals by 2.4% during the second quarter. Sei Investments Co. now owns 78,328 shares of the basic materials company’s stock worth $20,213,000 after buying an additional 1,852 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Up 1.6 %

Shares of NYSE:APD opened at $317.11 on Friday. The firm’s 50-day moving average is $309.42 and its two-hundred day moving average is $294.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $337.00. The firm has a market capitalization of $70.52 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.88 and a beta of 0.84.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued 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 yield of 2.23%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on APD shares. Redburn Atlantic upgraded 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. Citigroup raised their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. 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. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Finally, Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $332.71.

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.