Baltimore Washington Financial Advisors Inc. Boosts Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 11.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,093 shares of the basic materials company’s stock after acquiring an additional 112 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Air Products and Chemicals were worth $325,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals during the second quarter worth about $32,000. Iron Horse Wealth Management LLC lifted its holdings in shares of 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 worth $35,000 after purchasing an additional 55 shares during the period. Trifecta Capital Advisors LLC lifted its holdings in shares of Air Products and Chemicals by 1,700.0% during the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of Air Products and Chemicals during the third quarter worth about $42,000. Finally, Beacon Capital Management LLC lifted its holdings in shares of Air Products and Chemicals by 128.8% during the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.9 %

Shares of NYSE:APD opened at $331.83 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $310.63 and a two-hundred day moving average of $282.91. The stock has a market cap of $73.77 billion, a P/E ratio of 19.31, a PEG ratio of 3.30 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.69.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.13%. Air Products and Chemicals’s payout ratio is currently 41.21%.

Wall Street Analysts Forecast Growth

APD has been the subject of a number of research reports. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the stock from $295.00 to $364.00 in a report on Monday, October 7th. UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a report on Monday, November 18th. Mizuho upped their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. BMO Capital Markets upped their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.