Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust lowered its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 30,434 shares of the basic materials company’s stock after selling 462 shares during the quarter. FineMark National Bank & Trust’s holdings in Air Products and Chemicals were worth $8,333,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of APD. Cape Cod Five Cents Savings Bank purchased a new stake in shares of Air Products and Chemicals during the third quarter valued at $376,000. Eos Management L.P. raised its stake in shares of Air Products and Chemicals by 26.2% in the fourth quarter. Eos Management L.P. now owns 27,558 shares of the basic materials company’s stock worth $7,545,000 after purchasing an additional 5,727 shares during the last quarter. Roffman Miller Associates Inc. PA lifted its holdings in shares of Air Products and Chemicals by 3.6% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 65,192 shares of the basic materials company’s stock worth $17,850,000 after purchasing an additional 2,285 shares during the period. BKM Wealth Management LLC purchased a new stake in Air Products and Chemicals in the fourth quarter valued at approximately $1,177,000. Finally, Zenyatta Capital Management LP raised its position in Air Products and Chemicals by 46.7% during the 4th quarter. Zenyatta Capital Management LP now owns 22,000 shares of the basic materials company’s stock worth $6,024,000 after buying an additional 7,000 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on APD. Argus lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. TD Cowen increased their price target on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company lowered shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. Bank of America boosted their price objective on Air Products and Chemicals from $272.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Barclays lowered their target price on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Air Products and Chemicals currently has an average rating of “Hold” and an average target price of $273.77.

Air Products and Chemicals Trading Down 1.1 %

APD traded down $2.87 during trading on Thursday, hitting $261.78. The company’s stock had a trading volume of 991,435 shares, compared to its average volume of 1,715,883. The stock has a market cap of $58.20 billion, a PE ratio of 23.89, a PEG ratio of 2.87 and a beta of 0.80. The firm’s 50 day moving average price is $242.18 and its 200-day moving average price is $251.53. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.15. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the business earned $2.74 EPS. On average, analysts expect that Air Products and Chemicals, Inc. will post 12.3 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Friday, June 28th. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 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.