Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. trimmed its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 14.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,877 shares of the basic materials company’s stock after selling 1,010 shares during the period. Everence Capital Management Inc.’s holdings in Air Products and Chemicals were worth $1,705,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new position in Air Products and Chemicals during the third quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals during the 2nd quarter worth $32,000. Iron Horse Wealth Management LLC boosted its position in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC grew its stake in Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 136 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in Air Products and Chemicals during the 3rd quarter valued at about $42,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on APD shares. JPMorgan Chase & Co. reduced their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Citigroup boosted their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research note on Monday, October 7th. Finally, BMO Capital Markets boosted their target price on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $331.53.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $283.91 on Friday. The firm has a market capitalization of $63.14 billion, a PE ratio of 16.53, a P/E/G ratio of 3.13 and a beta of 0.81. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $337.00. 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 moving average of $312.75 and a two-hundred day moving average of $291.83.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.49%. Air Products and Chemicals’s dividend payout ratio (DPR) is 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.