Atomi Financial Group Inc. Increases Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Atomi Financial Group Inc. lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,381 shares of the basic materials company’s stock after purchasing an additional 319 shares during the quarter. Atomi Financial Group Inc.’s holdings in Air Products and Chemicals were worth $691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of APD. Truvestments Capital LLC purchased a new position in Air Products and Chemicals during the 3rd quarter valued at $25,000. Iron Horse Wealth Management LLC boosted its holdings in Air Products and Chemicals by 88.7% during 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 during the period. Fortitude Family Office LLC boosted its holdings in Air Products and Chemicals by 58.8% during the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 50 shares during the period. Prospera Private Wealth LLC purchased a new position in Air Products and Chemicals during the 3rd quarter valued at $42,000. Finally, Reston Wealth Management LLC bought a new stake in Air Products and Chemicals during the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. decreased their target price on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $330.00 to $350.00 in a research report on Tuesday, January 14th. Citigroup lifted their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $332.71.

Air Products and Chemicals Trading Up 2.1 %

Shares of NYSE:APD opened at $323.65 on Friday. The business’s 50-day moving average is $309.74 and its 200 day moving average is $295.76. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $337.00. The firm has a market capitalization of $71.97 billion, a P/E ratio of 18.84, a P/E/G ratio of 3.18 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s dividend payout ratio is currently 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.