Greenfield Savings Bank Lowers Position in Air Products and Chemicals, Inc. (NYSE:APD)

Greenfield Savings Bank lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,375 shares of the basic materials company’s stock after selling 75 shares during the period. Greenfield Savings Bank’s holdings in Air Products and Chemicals were worth $689,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Air Products and Chemicals by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,874,347 shares of the basic materials company’s stock valued at $1,448,570,000 after acquiring an additional 88,806 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Air Products and Chemicals by 4.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock valued at $790,371,000 after buying an additional 122,676 shares during the period. Pathway Financial Advisers LLC increased its position in shares of Air Products and Chemicals by 29,954.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after purchasing an additional 2,884,581 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Air Products and Chemicals by 127.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock worth $720,597,000 after purchasing an additional 1,564,169 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in Air Products and Chemicals by 1.7% during the third quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock worth $608,312,000 after buying an additional 33,313 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on APD. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price target for the company from $305.00 to $365.00 in a research report on Monday, October 7th. UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective for the company in a research report on Monday, November 18th. Citigroup increased their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Finally, Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Trading Up 3.0 %

Shares of APD stock opened at $301.87 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The stock’s 50 day simple moving average is $309.32 and its two-hundred day simple moving average 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. 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 announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be paid a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.35%. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

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.