Fortitude Family Office LLC Acquires 50 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Fortitude Family Office LLC grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 58.8% during the 4th quarter, Holdings Channel reports. The fund owned 135 shares of the basic materials company’s stock after buying an additional 50 shares during the period. Fortitude Family Office LLC’s holdings in Air Products and Chemicals were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in APD. Acadian Asset Management LLC raised its position in Air Products and Chemicals by 127.6% in the second quarter. Acadian Asset Management LLC now owns 7,529 shares of the basic materials company’s stock worth $1,940,000 after acquiring an additional 4,221 shares during the period. Royal London Asset Management Ltd. raised its position in shares of Air Products and Chemicals by 39.9% during the 2nd quarter. Royal London Asset Management Ltd. now owns 37,519 shares of the basic materials company’s stock valued at $9,615,000 after purchasing an additional 10,696 shares during the period. American Century Companies Inc. raised its position in shares of Air Products and Chemicals by 2.5% during the 2nd quarter. American Century Companies Inc. now owns 41,220 shares of the basic materials company’s stock valued at $10,637,000 after purchasing an additional 999 shares during the period. Johnson Investment Counsel Inc. raised its position in shares of Air Products and Chemicals by 2.0% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 18,675 shares of the basic materials company’s stock valued at $4,819,000 after purchasing an additional 358 shares during the period. Finally, BOKF NA raised its position in shares of Air Products and Chemicals by 5.0% during the 2nd quarter. BOKF NA now owns 10,100 shares of the basic materials company’s stock valued at $2,606,000 after purchasing an additional 483 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on APD. UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective on the stock in a research report on Monday, November 18th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price objective for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Wells Fargo & Company raised their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Finally, BMO Capital Markets lifted their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Trading Up 2.7 %

NYSE APD opened at $292.88 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 firm has a market cap of $65.13 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. The company has a 50 day moving average price of $309.41 and a 200 day moving average price of $292.38. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00.

Air Products and Chemicals Announces Dividend

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. This represents a $7.08 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio 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.