Tranquilli Financial Advisor LLC Has $256,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Tranquilli Financial Advisor LLC reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 881 shares of the basic materials company’s stock after selling 34 shares during the period. Tranquilli Financial Advisor LLC’s holdings in Air Products and Chemicals were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Air Products and Chemicals during the 3rd quarter worth approximately $25,000. Raleigh Capital Management Inc. raised its stake in shares of Air Products and Chemicals by 69.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 43 shares during the last quarter. Financial Life Planners acquired a new stake in Air Products and Chemicals in the fourth quarter valued at $31,000. Iron Horse Wealth Management LLC increased its stake in shares of Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares during the period. Finally, Newton One Investments LLC bought a new position in Air Products and Chemicals during the fourth quarter worth $38,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on APD. Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $330.00 to $350.00 in a report on Tuesday, January 14th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $305.00 to $365.00 in a research note on Monday, October 7th. JPMorgan Chase & Co. lowered their target price on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, Barclays upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $315.00 to $365.00 in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.50.

Air Products and Chemicals Trading Down 0.6 %

Shares of APD opened at $336.00 on Tuesday. The business has a 50-day moving average of $310.29 and a 200 day moving average of $299.41. The firm has a market cap of $74.72 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 3.55 and a beta of 0.85. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $339.10. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.13%. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s payout ratio is presently 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.