First American Bank Has $7.56 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

First American Bank raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,048 shares of the basic materials company’s stock after purchasing an additional 350 shares during the period. First American Bank’s holdings in Air Products and Chemicals were worth $7,555,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its stake in Air Products and Chemicals by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 1,742 shares of the basic materials company’s stock worth $505,000 after buying an additional 31 shares during the last quarter. Lake Street Advisors Group LLC grew its holdings in Air Products and Chemicals by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,028 shares of the basic materials company’s stock worth $588,000 after acquiring an additional 31 shares during the period. Silver Oak Securities Incorporated raised its position in shares of Air Products and Chemicals by 1.1% in the 4th quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company’s stock worth $888,000 after acquiring an additional 32 shares in the last quarter. Financial Perspectives Inc lifted its stake in shares of Air Products and Chemicals by 33.3% in the 4th quarter. Financial Perspectives Inc now owns 140 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 35 shares during the period. Finally, Chesapeake Wealth Management boosted its position in shares of Air Products and Chemicals by 1.7% during the 3rd quarter. Chesapeake Wealth Management now owns 2,189 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.3 %

NYSE APD opened at $312.83 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $309.57 and a 200 day simple moving average of $305.45. Air Products and Chemicals, Inc. has a 12 month low of $227.53 and a 12 month high of $341.14. The firm has a market capitalization of $69.60 billion, a P/E ratio of 18.17, a PEG ratio of 3.07 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, February 6th. The basic materials company reported $2.86 EPS for the quarter, missing the consensus estimate of $3.13 by ($0.27). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. On average, analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Tuesday, April 1st. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s payout ratio is presently 41.11%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BNP Paribas raised Air Products and Chemicals to a “strong-buy” rating in a research note on Tuesday, February 11th. Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 target price on the stock. in a research report on Monday, January 27th. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. UBS Group upped their price objective on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Sanford C. Bernstein upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $339.94.

Insider Activity

In other Air Products and Chemicals news, insider Kurt Lefevere sold 1,500 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $316.17, for a total value of $474,255.00. Following the transaction, the insider now owns 1,462 shares of the company’s stock, valued at approximately $462,240.54. The trade was a 50.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Francesco Maione sold 2,016 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $306.00, for a total value of $616,896.00. Following the sale, the insider now directly owns 3,834 shares of the company’s stock, valued at approximately $1,173,204. This represents a 34.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,911 shares of company stock valued at $4,660,897 over the last three months. Corporate insiders own 0.41% of the company’s stock.

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.