Keyes Stange & Wooten Wealth Management LLC Buys 37 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Keyes Stange & Wooten Wealth Management LLC boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,560 shares of the basic materials company’s stock after purchasing an additional 37 shares during the period. Air Products and Chemicals comprises 0.5% of Keyes Stange & Wooten Wealth Management LLC’s investment portfolio, making the stock its 29th largest position. Keyes Stange & Wooten Wealth Management LLC’s holdings in Air Products and Chemicals were worth $762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of APD. Nicolet Advisory Services LLC raised its holdings in Air Products and Chemicals by 6.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,605 shares of the basic materials company’s stock valued at $458,000 after buying an additional 101 shares during the last quarter. Stonebrook Private Inc. raised its stake in shares of Air Products and Chemicals by 0.9% during the third quarter. Stonebrook Private Inc. now owns 9,268 shares of the basic materials company’s stock valued at $2,760,000 after acquiring an additional 84 shares during the last quarter. CFS Investment Advisory Services LLC purchased a new stake in shares of Air Products and Chemicals during the third quarter worth about $1,722,000. Raymond James Trust N.A. grew its stake in shares of Air Products and Chemicals by 4.4% in the third quarter. Raymond James Trust N.A. now owns 52,378 shares of the basic materials company’s stock worth $15,595,000 after purchasing an additional 2,211 shares during the last quarter. Finally, First County Bank CT increased its holdings in Air Products and Chemicals by 5.6% during the 3rd quarter. First County Bank CT now owns 901 shares of the basic materials company’s stock valued at $268,000 after purchasing an additional 48 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of APD opened at $331.83 on Friday. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.69. The company has a market capitalization of $73.77 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. The firm has a 50 day moving average of $310.63 and a 200 day moving average of $282.67. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders 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 2.13%. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on APD. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Citigroup raised their target price on shares of 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 upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a research report on Monday, November 18th. Wells Fargo & Company lifted their price objective on 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. Finally, Mizuho increased their target price on 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 analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $331.53.

About Air Products and Chemicals

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.