Eads & Heald Wealth Management Sells 251 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Eads & Heald Wealth Management lessened its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,245 shares of the basic materials company’s stock after selling 251 shares during the period. Eads & Heald Wealth Management’s holdings in Air Products and Chemicals were worth $2,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals during the third quarter valued at about $25,000. Iron Horse Wealth Management LLC raised its stake 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 worth $35,000 after buying an additional 55 shares during the period. Fortitude Family Office LLC boosted its holdings in 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 acquiring an additional 50 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Air Products and Chemicals in the third quarter valued at approximately $42,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Air Products and Chemicals during the third quarter worth approximately $47,000. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on APD. 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 for the company in a research report on Friday, November 8th. Mizuho lifted their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Barclays upped their target price on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $330.00 to $350.00 in a report on Tuesday, January 14th. Finally, Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their target price for the company from $295.00 to $364.00 in a report on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $332.71.

Air Products and Chemicals Stock Performance

NYSE APD opened at $319.62 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The company has a market capitalization of $71.08 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $337.00. The company has a 50-day simple moving average of $309.49 and a 200 day simple moving average of $295.14.

Air Products and Chemicals Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.22%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

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.