Armstrong Henry H Associates Inc. Has $18.26 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Armstrong Henry H Associates Inc. raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,944 shares of the basic materials company’s stock after acquiring an additional 6,475 shares during the quarter. Air Products and Chemicals comprises approximately 1.8% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 7th biggest holding. Armstrong Henry H Associates Inc.’s holdings in Air Products and Chemicals were worth $18,256,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of Air Products and Chemicals by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company’s stock valued at $1,448,570,000 after purchasing an additional 88,806 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Air Products and Chemicals by 4.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock valued at $790,371,000 after buying an additional 122,676 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Air Products and Chemicals by 29,954.1% in the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock worth $861,722,000 after buying an additional 2,884,581 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Air Products and Chemicals by 127.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after acquiring an additional 1,564,169 shares during the period. Finally, Raymond James & Associates grew its stake in Air Products and Chemicals by 1.7% during the third quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock valued at $608,312,000 after acquiring an additional 33,313 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

APD has been the topic of several recent analyst reports. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a research report on Friday, October 25th. Citigroup boosted their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a report on Monday, November 18th. Finally, Wells Fargo & Company boosted their price objective on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Trading Up 3.0 %

NYSE APD opened at $301.87 on Tuesday. The firm has a market cap of $67.13 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $337.00. The stock has a 50-day moving average of $309.32 and a 200-day moving average of $293.04. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is 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.