Park National Corp OH Sells 958 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Park National Corp OH lessened its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,437 shares of the basic materials company’s stock after selling 958 shares during the period. Park National Corp OH’s holdings in Air Products and Chemicals were worth $6,048,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Bridge Creek Capital Management LLC increased its holdings in shares of Air Products and Chemicals by 8.4% in the second quarter. Bridge Creek Capital Management LLC now owns 12,042 shares of the basic materials company’s stock worth $3,107,000 after acquiring an additional 930 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new position in shares of Air Products and Chemicals in the 2nd quarter valued at approximately $3,627,000. RFG Advisory LLC increased its stake in Air Products and Chemicals by 15.0% during the 2nd quarter. RFG Advisory LLC now owns 7,167 shares of the basic materials company’s stock worth $1,849,000 after purchasing an additional 935 shares in the last quarter. Brady Family Wealth LLC raised its holdings in Air Products and Chemicals by 1.5% during the 2nd quarter. Brady Family Wealth LLC now owns 14,320 shares of the basic materials company’s stock worth $3,695,000 after buying an additional 206 shares during the period. Finally, Czech National Bank lifted its stake in Air Products and Chemicals by 8.3% in the second quarter. Czech National Bank now owns 42,362 shares of the basic materials company’s stock valued at $10,932,000 after buying an additional 3,248 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD traded down $4.38 during trading on Monday, reaching $273.85. 1,375,647 shares of the stock were exchanged, compared to its average volume of 1,743,448. The firm has a market cap of $60.88 billion, a PE ratio of 24.72, a PEG ratio of 3.17 and a beta of 0.81. 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 12 month low of $212.24 and a 12 month high of $307.71. The stock has a 50-day moving average price of $267.31 and a 200-day moving average price of $250.70.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio is 63.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on APD shares. UBS Group boosted their price objective on shares of Air Products and Chemicals from $257.00 to $268.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Mizuho cut their price target on Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. BMO Capital Markets increased their price objective on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company boosted their target price on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price target on Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Air Products and Chemicals has a consensus rating of “Hold” and an average price target of $296.53.

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.