CWA Asset Management Group LLC Purchases 61 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

CWA Asset Management Group LLC grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 3,112 shares of the basic materials company’s stock after buying an additional 61 shares during the period. CWA Asset Management Group LLC’s holdings in Air Products and Chemicals were worth $903,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of APD. Truvestments Capital LLC acquired a new position in Air Products and Chemicals during the third quarter worth $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 2nd quarter worth about $32,000. Iron Horse Wealth Management LLC lifted its position in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC boosted its stake in Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 136 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Air Products and Chemicals during the 3rd quarter worth approximately $42,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APD has been the topic of several analyst reports. Mizuho lifted their target price 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. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a research note on Friday, October 25th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Barclays upped their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets boosted 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. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Price Performance

APD opened at $286.66 on Wednesday. The company has a market capitalization of $63.75 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 3.13 and a beta of 0.84. 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 firm has a 50-day moving average price of $310.79 and a 200-day moving average price of $292.33. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00.

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 given 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 2.47%. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

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.