Fisher Asset Management LLC Sells 309 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Fisher Asset Management LLC lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 22.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,039 shares of the basic materials company’s stock after selling 309 shares during the quarter. Fisher Asset Management LLC’s holdings in Air Products and Chemicals were worth $310,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Iron Horse Wealth Management LLC increased its holdings in Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Air Products and Chemicals during the second quarter valued at approximately $32,000. Prospera Private Wealth LLC purchased a new position in shares of Air Products and Chemicals during the third quarter valued at approximately $42,000. Trifecta Capital Advisors LLC lifted its stake in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 136 shares during the period. Finally, Reston Wealth Management LLC bought a new stake in Air Products and Chemicals in the third quarter valued at $47,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.3 %

NYSE:APD opened at $334.33 on Monday. The stock has a market cap of $74.35 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 3.35 and a beta of 0.81. 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’s 50 day moving average price is $315.16 and its 200-day moving average price is $286.11. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $336.42.

Air Products and Chemicals Announces Dividend

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 $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is 41.21%.

Analyst Upgrades and Downgrades

Several brokerages have commented on APD. Citigroup upped 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 report on Monday, November 11th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a report on Friday, October 25th. The Goldman Sachs Group lifted their price objective on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Finally, Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research report on Monday, October 7th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $331.53.

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.