AMG National Trust Bank Purchases 44 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

AMG National Trust Bank increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,264 shares of the basic materials company’s stock after purchasing an additional 44 shares during the quarter. AMG National Trust Bank’s holdings in Air Products and Chemicals were worth $842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Sachetta LLC purchased a new stake in Air Products and Chemicals in the fourth quarter worth $27,000. Security National Bank purchased a new stake in Air Products and Chemicals in the fourth quarter worth about $27,000. Transcendent Capital Group LLC bought a new stake in Air Products and Chemicals during the 4th quarter valued at approximately $28,000. Thompson Investment Management Inc. purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $27,000. Finally, Clear Investment Research LLC raised its position in shares of Air Products and Chemicals by 700.0% in the 4th quarter. Clear Investment Research LLC now owns 128 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 112 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

APD has been the subject of several recent research reports. Wells Fargo & Company raised their price objective on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and cut their price objective for the stock from $310.00 to $280.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. lifted their target price on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. BMO Capital Markets boosted their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Mizuho reduced their price objective on Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $297.40.

Air Products and Chemicals Stock Performance

NYSE:APD traded up $1.43 during trading hours on Friday, reaching $275.86. The company had a trading volume of 514,167 shares, compared to its average volume of 1,682,664. The firm has a market cap of $61.33 billion, a price-to-earnings ratio of 24.90, 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. The firm’s 50 day moving average price is $266.97 and its 200-day moving average price is $252.41. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.04 billion. On average, analysts forecast that Air Products and Chemicals, Inc. will post 12.29 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors 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 dividend yield of 2.57%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s payout ratio is 63.90%.

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.