Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,906 shares of the basic materials company’s stock after acquiring an additional 39 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Air Products and Chemicals were worth $2,814,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Roble Belko & Company Inc purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $27,000. Sachetta LLC purchased a new stake in Air Products and Chemicals during the 4th quarter valued at approximately $27,000. Security National Bank acquired a new stake in Air Products and Chemicals during the 4th quarter worth approximately $27,000. Transcendent Capital Group LLC purchased a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $28,000. Finally, Thompson Investment Management Inc. acquired a new position in shares of Air Products and Chemicals in the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

APD has been the subject of several recent analyst reports. Barclays raised their target price on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Bank of America lifted their price objective on Air Products and Chemicals from $275.00 to $312.00 and gave the company a “buy” rating in a report on Monday, June 10th. TD Cowen increased their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, UBS Group increased their price objective on Air Products and Chemicals from $276.00 to $281.00 and gave the stock a “neutral” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Hold” and a consensus target price of $297.40.

Air Products and Chemicals Price Performance

Shares of NYSE APD traded down $0.17 during trading on Tuesday, reaching $274.00. The company had a trading volume of 108,947 shares, compared to its average volume of 1,701,005. The company has a current ratio of 1.27, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71. The stock has a 50-day moving average price of $267.47 and a two-hundred day moving average price of $251.33. The stock has a market capitalization of $60.91 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 3.17 and a beta of 0.81.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.58%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s payout ratio is 63.90%.

Air Products and Chemicals Company Profile

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.