Air Products and Chemicals, Inc. (NYSE:APD) Stock Holdings Lowered by Adirondack Trust Co.

Adirondack Trust Co. cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 919 shares of the basic materials company’s stock after selling 90 shares during the quarter. Adirondack Trust Co.’s holdings in Air Products and Chemicals were worth $274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APD. Transcendent Capital Group LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter worth $28,000. Thompson Investment Management Inc. acquired a new position in Air Products and Chemicals during the 1st quarter valued at about $27,000. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the 2nd quarter worth about $32,000. Hexagon Capital Partners LLC lifted its stake in shares of Air Products and Chemicals by 2,250.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 135 shares during the period. Finally, Trifecta Capital Advisors LLC increased its stake in shares of Air Products and Chemicals by 1,700.0% during the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 136 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the company from $305.00 to $365.00 in a research note on Monday. Mizuho raised their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the stock from $295.00 to $364.00 in a report on Monday. The Goldman Sachs Group upped their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average price target of $313.53.

Air Products and Chemicals Price Performance

NYSE APD opened at $314.09 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The firm has a market capitalization of $69.82 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 3.89 and a beta of 0.82. The company has a 50 day simple moving average of $282.53 and a 200-day simple moving average of $264.30. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $318.32.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be given a dividend of $1.77 per share. The ex-dividend date is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.25%. Air Products and Chemicals’s payout ratio is 63.90%.

About Air Products and Chemicals

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.