Air Products and Chemicals (NYSE:APD) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Air Products and Chemicals (NYSE:APD) from an equal weight rating to an overweight rating in a report published on Tuesday, Marketbeat.com reports. They currently have $350.00 price objective on the basic materials company’s stock, up from their previous price objective of $330.00.

A number of other research analysts also recently weighed in on APD. UBS Group upgraded 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. JPMorgan Chase & Co. lowered their target price 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. BMO Capital Markets increased their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price objective for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research note on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $332.71.

Air Products and Chemicals Trading Up 1.7 %

NYSE APD opened at $312.01 on Tuesday. The firm’s 50 day moving average price is $309.36 and its two-hundred day moving average price is $293.48. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals has a twelve month low of $212.24 and a twelve month high of $337.00. The stock has a market cap of $69.39 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 2.88 and a beta of 0.84.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio is 41.21%.

Institutional Investors Weigh In On Air Products and Chemicals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new position in Air Products and Chemicals during the third quarter valued at approximately $25,000. Iron Horse Wealth Management LLC raised its holdings in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 55 shares during the period. Fortitude Family Office LLC lifted its position 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 worth $39,000 after acquiring an additional 50 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth about $42,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Air Products and Chemicals in the third quarter valued at approximately $47,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Company 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.