Fisher Asset Management LLC Sells 309 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Fisher Asset Management LLC lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 22.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,039 shares of the basic materials company’s stock after selling 309 shares during the quarter. Fisher Asset Management LLC’s holdings in Air Products and Chemicals were worth $310,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cetera Advisors LLC grew its stake in shares of Air Products and Chemicals by 35.6% during the 1st quarter. Cetera Advisors LLC now owns 13,264 shares of the basic materials company’s stock worth $3,213,000 after acquiring an additional 3,484 shares during the period. GAMMA Investing LLC increased its stake in shares of Air Products and Chemicals by 53.7% in the second quarter. GAMMA Investing LLC now owns 2,339 shares of the basic materials company’s stock worth $604,000 after purchasing an additional 817 shares in the last quarter. First Hawaiian Bank raised its position in shares of Air Products and Chemicals by 15.2% in the second quarter. First Hawaiian Bank now owns 1,512 shares of the basic materials company’s stock valued at $390,000 after purchasing an additional 200 shares during the period. Kingswood Wealth Advisors LLC lifted its stake in shares of Air Products and Chemicals by 85.0% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 14,822 shares of the basic materials company’s stock valued at $3,825,000 after buying an additional 6,808 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. boosted its holdings in Air Products and Chemicals by 10.8% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 1,247 shares of the basic materials company’s stock worth $322,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.3 %

Shares of APD stock opened at $334.33 on Monday. 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 $74.35 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 3.35 and a beta of 0.81. The business has a 50-day moving average price of $315.16 and a two-hundred day moving average price of $286.11. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $336.42.

Air Products and Chemicals Announces Dividend

The firm 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. This represents a $7.08 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is currently 41.21%.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of analyst reports. Wells Fargo & Company boosted their target price on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. reduced their target price on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, November 8th. The Goldman Sachs Group increased their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.