Park National Corp OH Reduces Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Park National Corp OH decreased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,699 shares of the basic materials company’s stock after selling 738 shares during the period. Park National Corp OH’s holdings in Air Products and Chemicals were worth $6,758,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of APD. Cape Investment Advisory Inc. boosted its position in Air Products and Chemicals by 1.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock valued at $906,000 after purchasing an additional 37 shares during the period. First Citizens Bank & Trust Co. raised its stake in Air Products and Chemicals by 0.4% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 10,906 shares of the basic materials company’s stock valued at $2,814,000 after acquiring an additional 39 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Air Products and Chemicals by 2.3% in the second quarter. Verdence Capital Advisors LLC now owns 1,763 shares of the basic materials company’s stock worth $455,000 after purchasing an additional 39 shares in the last quarter. Stokes Family Office LLC increased its holdings in shares of Air Products and Chemicals by 3.4% during the second quarter. Stokes Family Office LLC now owns 1,213 shares of the basic materials company’s stock valued at $313,000 after purchasing an additional 40 shares during the period. Finally, Invesco LLC raised its stake in shares of Air Products and Chemicals by 2.6% during the second quarter. Invesco LLC now owns 1,581 shares of the basic materials company’s stock valued at $408,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays boosted their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. UBS Group upped their target price on Air Products and Chemicals from $276.00 to $281.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. lifted their target price on Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Citigroup upped their price target on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Hold” and a consensus price target of $296.50.

Air Products and Chemicals Trading Down 0.5 %

Shares of APD stock opened at $290.00 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $64.47 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 3.89 and a beta of 0.82. The firm’s fifty day simple moving average is $279.64 and its 200 day simple moving average is $262.49. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $302.03.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. As a group, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.44%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 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.