Appleton Partners Inc. MA Has $220,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Appleton Partners Inc. MA cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 17.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 851 shares of the basic materials company’s stock after selling 182 shares during the quarter. Appleton Partners Inc. MA’s holdings in Air Products and Chemicals were worth $220,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Air Products and Chemicals during the fourth quarter worth about $27,000. Roble Belko & Company Inc acquired a new stake in Air Products and Chemicals during the fourth quarter worth about $27,000. Sachetta LLC acquired a new stake in Air Products and Chemicals during the fourth quarter worth about $27,000. Security National Bank acquired a new stake in Air Products and Chemicals during the fourth quarter worth about $27,000. Finally, Thompson Investment Management Inc. acquired a new stake in Air Products and Chemicals during the first quarter worth about $27,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Citigroup lifted their price objective on Air Products and Chemicals from $280.00 to $305.00 and gave the company a “buy” rating in a report on Friday, July 12th. Morgan Stanley lifted their price objective on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their price objective for the company from $310.00 to $280.00 in a report on Monday, July 22nd. Finally, TD Cowen lifted their target price on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $292.14.

Air Products and Chemicals Trading Down 2.0 %

APD stock traded down $5.73 during trading on Friday, hitting $281.74. The company had a trading volume of 1,832,140 shares, compared to its average volume of 1,710,808. The company has a quick ratio of 1.31, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $265.80 and a 200-day moving average price of $250.13. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The stock has a market cap of $62.63 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 3.17 and a beta of 0.81.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

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.