CNB Bank Has $1.36 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

CNB Bank decreased its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 1.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,981 shares of the basic materials company’s stock after selling 77 shares during the period. CNB Bank’s holdings in Air Products and Chemicals were worth $1,364,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at $27,000. Rakuten Securities Inc. acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at $33,000. Legacy Bridge LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at $35,000. FinTrust Capital Advisors LLC grew its holdings in shares of Air Products and Chemicals by 40.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock valued at $37,000 after buying an additional 38 shares during the period. Finally, Artemis Wealth Advisors LLC acquired a new position in Air Products and Chemicals in the 3rd quarter worth $39,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays reduced their target price on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 6th. Wells Fargo & Company lowered shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 5th. Argus lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Wolfe Research assumed coverage on shares of Air Products and Chemicals in a research note on Friday, March 1st. They issued an “outperform” rating and a $279.00 target price for the company. Finally, Seaport Res Ptn lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $276.36.

View Our Latest Stock Analysis on Air Products and Chemicals

Air Products and Chemicals Trading Down 0.6 %

Air Products and Chemicals stock opened at $231.64 on Friday. The stock has a 50-day simple moving average of $235.88 and a 200 day simple moving average of $257.30. The stock has a market capitalization of $51.49 billion, a P/E ratio of 22.10, a PEG ratio of 2.55 and a beta of 0.81. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71.

Air Products and Chemicals (NYSE:APDGet Free Report) last issued its earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.18). Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm posted $2.64 earnings per share. The business’s revenue was down 5.6% compared to the same quarter last year. Analysts expect that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be given a $1.77 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.75. This represents a $7.08 annualized dividend and a dividend yield of 3.06%. Air Products and Chemicals’s dividend payout ratio is presently 67.56%.

Air Products and Chemicals Profile

(Free Report)

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.

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

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