Security National Trust Co. cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,715 shares of the basic materials company’s stock after selling 930 shares during the quarter. Security National Trust Co.’s holdings in Air Products and Chemicals were worth $2,830,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Hendley & Co. Inc. grew its stake in Air Products and Chemicals by 54.7% in the 1st quarter. Hendley & Co. Inc. now owns 9,108 shares of the basic materials company’s stock valued at $1,232,000 after acquiring an additional 3,220 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Air Products and Chemicals in the 1st quarter valued at about $2,948,000. Piedmont Investment Advisors LLC grew its stake in Air Products and Chemicals by 0.9% in the 1st quarter. Piedmont Investment Advisors LLC now owns 41,577 shares of the basic materials company’s stock valued at $5,625,000 after acquiring an additional 358 shares during the last quarter. UBS Oconnor LLC grew its stake in Air Products and Chemicals by 89.7% in the 1st quarter. UBS Oconnor LLC now owns 126,902 shares of the basic materials company’s stock valued at $17,169,000 after acquiring an additional 60,018 shares during the last quarter. Finally, Patten Group Inc. grew its stake in Air Products and Chemicals by 3.7% in the 1st quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 28 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the stock. HSBC Holdings PLC raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Citigroup Inc. raised their price target on shares of Air Products and Chemicals from $172.30 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Barclays PLC raised their price target on shares of Air Products and Chemicals from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $175.00 price target on shares of Air Products and Chemicals in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $164.80.

Air Products and Chemicals, Inc. (NYSE APD) traded up $0.40 during midday trading on Monday, reaching $161.58. 923,300 shares of the company traded hands, compared to its average volume of 1,327,144. Air Products and Chemicals, Inc. has a 52-week low of $133.63 and a 52-week high of $163.56. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23. The stock has a market capitalization of $35,480.00, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.08. Air Products and Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the firm posted $2.01 earnings per share. Air Products and Chemicals’s revenue for the quarter was up 13.2% compared to the same quarter last year. sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Tuesday, January 2nd will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, December 29th. Air Products and Chemicals’s dividend payout ratio (DPR) is 73.64%.

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Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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