Park National Corp OH Sells 1,508 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Park National Corp OH lessened its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,191 shares of the basic materials company’s stock after selling 1,508 shares during the quarter. Park National Corp OH’s holdings in Air Products and Chemicals were worth $6,146,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of APD. Truvestments Capital LLC bought a new stake in Air Products and Chemicals during the 3rd quarter worth $25,000. Iron Horse Wealth Management LLC boosted its stake in shares of Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the second quarter worth about $32,000. Prospera Private Wealth LLC acquired a new position in shares of Air Products and Chemicals in the third quarter valued at approximately $42,000. Finally, Trifecta Capital Advisors LLC raised its holdings in Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after buying an additional 136 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APD. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a report on Friday, October 25th. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Barclays raised their target price on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Mizuho lifted their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets increased their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $331.53.

Air Products and Chemicals Stock Up 1.2 %

Air Products and Chemicals stock opened at $286.66 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $63.75 billion, a PE ratio of 16.69, a PEG ratio of 3.13 and a beta of 0.84. The firm’s fifty day moving average is $310.79 and its 200 day moving average is $292.33. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $337.00.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.47%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 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.