Huntington National Bank held its stake in Air Products and Chemicals Inc. (NYSE:APD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,671 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Air Products and Chemicals were worth $4,640,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Jag Capital Management LLC increased its position in shares of Air Products and Chemicals by 0.4% in the first quarter. Jag Capital Management LLC now owns 7,662 shares of the company’s stock worth $1,104,000 after buying an additional 30 shares during the period. Chesley Taft & Associates LLC increased its position in shares of Air Products and Chemicals by 1.9% in the first quarter. Chesley Taft & Associates LLC now owns 20,645 shares of the company’s stock worth $2,974,000 after buying an additional 380 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of Air Products and Chemicals by 3.1% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,195 shares of the company’s stock worth $316,000 after buying an additional 67 shares during the period. Douglas Lane & Associates LLC acquired a new position in shares of Air Products and Chemicals during the first quarter worth about $23,951,000. Finally, Lodestar Investment Counsel LLC IL increased its position in shares of Air Products and Chemicals by 161.7% in the first quarter. Lodestar Investment Counsel LLC IL now owns 7,525 shares of the company’s stock worth $1,084,000 after buying an additional 4,650 shares during the period. 88.59% of the stock is owned by institutional investors.

Air Products and Chemicals Inc. (NYSE:APD) traded up 0.18% during midday trading on Tuesday, hitting $147.07. The stock had a trading volume of 1,071,823 shares. Air Products and Chemicals Inc. has a one year low of $114.64 and a one year high of $157.84. The firm has a 50 day moving average price of $152.01 and a 200 day moving average price of $145.84. The stock has a market cap of $31.85 billion, a PE ratio of 55.02 and a beta of 1.19.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.02. The business earned $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. Air Products and Chemicals had a return on equity of 22.00% and a net margin of 6.12%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 earnings per share. Equities analysts expect that Air Products and Chemicals Inc. will post $7.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.34%. Air Products and Chemicals’s dividend payout ratio is presently 128.84%.

A number of equities analysts have recently issued reports on APD shares. Zacks Investment Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research note on Monday, August 1st. Seaport Global Securities raised Air Products and Chemicals from an “accumulate” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Monday, July 11th. Credit Suisse Group AG set a $163.00 target price on Air Products and Chemicals and gave the stock a “buy” rating in a research note on Monday, September 12th. Morgan Stanley reissued a “hold” rating on shares of Air Products and Chemicals in a research note on Thursday, June 16th. Finally, Citigroup Inc. reissued a “hold” rating on shares of Air Products and Chemicals in a research note on Sunday, July 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $152.79.

In other news, insider Russell A. Flugel sold 2,050 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $151.54, for a total transaction of $310,657.00. Following the completion of the transaction, the insider now directly owns 3,131 shares in the company, valued at $474,471.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Guillermo Novo sold 2,447 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $148.94, for a total value of $364,456.18. Following the transaction, the vice president now owns 12,805 shares of the company’s stock, valued at $1,907,176.70. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

About Air Products and Chemicals

Air Products and Chemicals Inc is an industrial gases company, which offers atmospheric gases, process and specialty gases, electronics and performance materials, equipment and services. The Company’s segments include Industrial Gases–Americas; Industrial Gases – EMEA (Europe, Middle East, and Africa); Industrial Gases–Asia; Industrial Gases–Global; Materials Technologies; Energy-from-Waste, and Corporate and other.

5 Day Chart for NYSE:APD

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