Procyon Advisors LLC Has $2.72 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Procyon Advisors LLC boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,392 shares of the basic materials company’s stock after buying an additional 233 shares during the period. Procyon Advisors LLC’s holdings in Air Products and Chemicals were worth $2,724,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in shares of Air Products and Chemicals during the third quarter valued at approximately $25,000. Iron Horse Wealth Management LLC raised its position in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares during the period. Fortitude Family Office LLC lifted its position in shares of Air Products and Chemicals by 58.8% in the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 50 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at approximately $42,000. Finally, Reston Wealth Management LLC acquired a new stake in Air Products and Chemicals in the 3rd quarter worth approximately $47,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Up 1.7 %

Shares of NYSE APD opened at $312.01 on Friday. The company’s 50 day simple moving average is $309.36 and its 200 day simple moving average is $293.48. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00. The firm has a market capitalization of $69.39 billion, a P/E ratio of 18.16, a P/E/G ratio of 2.88 and a beta of 0.84.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.27%. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on APD shares. BMO Capital Markets increased their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a research note on Monday, October 7th. Redburn Atlantic upgraded 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 report on Friday, October 25th. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $330.00 to $350.00 in a report on Tuesday. Finally, Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $332.71.

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.