5 Dividend Growth Stocks to Buy

In this article, we will be taking a look at 5 dividend growth stocks to buy. To read our detailed analysis of dividend investing, you can go directly to see 10 Dividend Growth Stocks to Buy.

5. Air Products and Chemicals, Inc. (NYSE: APD)

Number of Hedge Fund Holders: 40
Dividend Yield: 2.3%

Air Products and Chemicals, Inc. (NYSE: APD) operates in the industrial gases industry and provides atmospheric gases, process and speciality gases, equipment, and related services. The company functions globally to produce atmospheric gases among others and ranks 5th on our list of dividend growth stocks to buy.

Societe Generale this June raised its price target on shares of Air Products and Chemicals, Inc. (NYSE: APD) from $295 to $334. The firm also reiterated a Buy rating on the stock.

In the second quarter of 2021, Air Products and Chemicals, Inc. (NYSE: APD) had an EPS of $2.31, beating the previous quarter’s EPS of $2.08. The company’s revenue was $2.60 billion, up 26.12% year over year and also beating estimates by about $129.94 million.

By the end of the second quarter of 2021, 40 hedge funds out of the 873 tracked by Insider Monkey held stakes in Air Products and Chemicals, Inc. (NYSE: APD) worth roughly $456 million. This is compared to 32 hedge funds in the previous quarter with a total stake value of approximately $586 million.