Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Choreo LLC

Choreo LLC raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 8.6% in the fourth quarter, HoldingsChannel reports. The fund owned 18,639 shares of the basic materials company’s stock after purchasing an additional 1,475 shares during the period. Choreo LLC’s holdings in Air Products and Chemicals were worth $5,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of APD. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals in the 3rd quarter valued at $25,000. Raleigh Capital Management Inc. grew its position in 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 buying an additional 43 shares during the period. Financial Life Planners purchased a new position in Air Products and Chemicals in the fourth quarter valued at $31,000. Iron Horse Wealth Management LLC raised its position 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 worth $35,000 after acquiring an additional 55 shares during the period. Finally, Newton One Investments LLC purchased a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

APD stock opened at $333.45 on Thursday. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $341.14. The firm has a market capitalization of $74.15 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 3.55 and a beta of 0.85. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The business has a 50 day simple moving average of $310.40 and a 200-day simple moving average of $300.43.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be paid a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.15%. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on APD shares. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $315.00 to $365.00 in a research note on Friday, January 24th. BMO Capital Markets upped their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $330.00 to $350.00 in a research report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average target price of $340.50.

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.