International Assets Investment Management LLC Reduces Position in Air Products and Chemicals, Inc. (NYSE:APD)

International Assets Investment Management LLC lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 99.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,346 shares of the basic materials company’s stock after selling 715,729 shares during the period. International Assets Investment Management LLC’s holdings in Air Products and Chemicals were worth $665,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Bard Financial Services Inc. grew its position in shares of Air Products and Chemicals by 0.5% during the fourth quarter. Bard Financial Services Inc. now owns 9,500 shares of the basic materials company’s stock worth $2,755,000 after buying an additional 50 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in Air Products and Chemicals by 2.0% during the 4th quarter. CWA Asset Management Group LLC now owns 3,112 shares of the basic materials company’s stock valued at $903,000 after acquiring an additional 61 shares during the last quarter. GAMMA Investing LLC grew its holdings in Air Products and Chemicals by 13.1% during the 4th quarter. GAMMA Investing LLC now owns 3,924 shares of the basic materials company’s stock worth $1,138,000 after acquiring an additional 455 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Air Products and Chemicals by 28.4% in the 4th quarter. Versant Capital Management Inc now owns 746 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 165 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Air Products and Chemicals by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 770,529 shares of the basic materials company’s stock valued at $229,418,000 after purchasing an additional 14,067 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of APD opened at $292.88 on Friday. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The stock’s fifty day moving average is $309.41 and its 200-day moving average is $292.38. 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 firm has a market capitalization of $65.13 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84.

Air Products and Chemicals Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.42%. Air Products and Chemicals’s dividend payout ratio (DPR) is 41.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on APD shares. Barclays lifted their price target on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. BMO Capital Markets boosted 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. JPMorgan Chase & Co. reduced their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their target price for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Finally, Mizuho raised their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Eight equities research 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 an average rating of “Moderate Buy” and a consensus target price of $331.53.

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.