Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by AMG National Trust Bank

AMG National Trust Bank grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APDGet Rating) by 39.9% in the third quarter, Holdings Channel.com reports. The fund owned 1,524 shares of the basic materials company’s stock after buying an additional 435 shares during the quarter. AMG National Trust Bank’s holdings in Air Products and Chemicals were worth $355,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Air Products and Chemicals by 16.4% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,334 shares of the basic materials company’s stock valued at $5,130,000 after purchasing an additional 2,999 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Air Products and Chemicals by 150.8% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,615 shares of the basic materials company’s stock valued at $376,000 after purchasing an additional 971 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Air Products and Chemicals by 40.3% in the second quarter. Harbor Investment Advisory LLC now owns 979 shares of the basic materials company’s stock valued at $235,000 after purchasing an additional 281 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of Air Products and Chemicals by 7.3% in the second quarter. Savant Capital LLC now owns 2,753 shares of the basic materials company’s stock valued at $662,000 after purchasing an additional 188 shares in the last quarter. Finally, AE Wealth Management LLC lifted its holdings in shares of Air Products and Chemicals by 8.0% in the second quarter. AE Wealth Management LLC now owns 18,691 shares of the basic materials company’s stock valued at $4,495,000 after purchasing an additional 1,390 shares in the last quarter. Hedge funds and other institutional investors own 82.74% of the company’s stock.

Insiders Place Their Bets

In other Air Products and Chemicals news, VP Sean D. Major sold 485 shares of the firm’s stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $313.00, for a total transaction of $151,805.00. Following the completion of the transaction, the vice president now owns 14,275 shares in the company, valued at $4,468,075. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Air Products and Chemicals Stock Up 1.5 %

NYSE APD opened at $313.34 on Wednesday. The stock has a market cap of $69.52 billion, a PE ratio of 30.90, a PEG ratio of 2.04 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.66 and a current ratio of 1.81. Air Products and Chemicals, Inc. has a twelve month low of $216.24 and a twelve month high of $328.56. The firm has a 50-day simple moving average of $310.03 and a 200 day simple moving average of $271.23.

Air Products and Chemicals (NYSE:APDGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The basic materials company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.12. The firm had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Air Products and Chemicals had a net margin of 17.77% and a return on equity of 16.31%. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.51 earnings per share. On average, research analysts forecast that Air Products and Chemicals, Inc. will post 11.42 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 13th. Shareholders of record on Tuesday, January 3rd will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, December 30th. Air Products and Chemicals’s dividend payout ratio is 63.91%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Societe Generale downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and set a $340.00 price target on the stock. in a research note on Thursday, January 12th. Bank of America upped their price target on shares of Air Products and Chemicals from $281.00 to $308.00 in a research note on Monday, November 7th. BMO Capital Markets increased their target price on shares of Air Products and Chemicals from $339.00 to $390.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 22nd. Seaport Res Ptn raised Air Products and Chemicals from a “neutral” rating to a “buy” rating in a research report on Thursday, October 13th. Finally, StockNews.com downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, January 10th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $313.79.

About Air Products and Chemicals

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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; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, manufacturing, electronics, magnetic resonance imaging, energy production, medical, food, and metals.

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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