Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Fidelity D & D Bancorp Inc.

Fidelity D & D Bancorp Inc. increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,555 shares of the basic materials company’s stock after acquiring an additional 57 shares during the period. Fidelity D & D Bancorp Inc.’s holdings in Air Products and Chemicals were worth $463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APD. Pathway Financial Advisers LLC grew its stake in shares of Air Products and Chemicals by 29,954.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock worth $861,722,000 after purchasing an additional 2,884,581 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Air Products and Chemicals by 2,931.0% during the second quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after purchasing an additional 1,737,260 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Air Products and Chemicals by 127.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock worth $720,597,000 after purchasing an additional 1,564,169 shares in the last quarter. ING Groep NV raised its holdings in Air Products and Chemicals by 240.7% during the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock worth $304,717,000 after buying an additional 723,019 shares during the period. Finally, Mizuho Markets Americas LLC lifted its stake in Air Products and Chemicals by 318.7% during the third quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company’s stock valued at $282,473,000 after buying an additional 722,132 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Down 0.2 %

Air Products and Chemicals stock traded down $0.68 during mid-day trading on Friday, hitting $310.21. 23,202 shares of the company’s stock were exchanged, compared to its average volume of 1,589,144. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $337.00. The stock has a 50 day moving average of $320.02 and a two-hundred day moving average of $289.41. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The stock has a market cap of $68.98 billion, a P/E ratio of 18.09, a P/E/G ratio of 3.13 and a beta of 0.81.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be issued a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a yield of 2.28%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 41.21%.

Analysts Set New Price Targets

APD has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research note on Friday, October 25th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Mizuho upped their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Finally, StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $331.53.

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.