Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA cut its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,496 shares of the basic materials company’s stock after selling 96 shares during the period. CHICAGO TRUST Co NA’s holdings in Air Products and Chemicals were worth $434,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of APD. American Century Companies Inc. raised its holdings in Air Products and Chemicals by 2.5% in the second quarter. American Century Companies Inc. now owns 41,220 shares of the basic materials company’s stock valued at $10,637,000 after acquiring an additional 999 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at $32,000. DekaBank Deutsche Girozentrale lifted its position in shares of Air Products and Chemicals by 6.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 51,384 shares of the basic materials company’s stock worth $13,515,000 after purchasing an additional 2,912 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Air Products and Chemicals by 13.9% during the second quarter. Parallel Advisors LLC now owns 4,958 shares of the basic materials company’s stock worth $1,279,000 after purchasing an additional 604 shares in the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new stake in Air Products and Chemicals in the second quarter valued at $410,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on APD. Mizuho upped their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their target price for the company from $305.00 to $365.00 in a report on Monday, October 7th. UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Monday, November 18th. Finally, Wells Fargo & Company raised their price objective on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $331.53.

Air Products and Chemicals Stock Up 3.0 %

Air Products and Chemicals stock opened at $301.87 on Tuesday. The stock’s 50 day moving average price is $309.32 and its 200 day moving average price is $293.04. The company has a market cap of $67.13 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $337.00.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.35%. Air Products and Chemicals’s dividend payout ratio is presently 41.21%.

Air Products and Chemicals 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.