Air Products & Chemicals, Inc. (APD) Shares Bought by Farmers & Merchants Trust Co of Chambersburg PA

Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 91.0% in the first quarter, HoldingsChannel.com reports. The fund owned 6,714 shares of the basic materials company’s stock after acquiring an additional 3,199 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Air Products & Chemicals were worth $1,282,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. LPL Financial LLC raised its stake in Air Products & Chemicals by 12.0% in the third quarter. LPL Financial LLC now owns 16,193 shares of the basic materials company’s stock worth $2,705,000 after buying an additional 1,738 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Air Products & Chemicals by 15.5% in the third quarter. Pacer Advisors Inc. now owns 11,728 shares of the basic materials company’s stock valued at $1,959,000 after purchasing an additional 1,576 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of Air Products & Chemicals in the third quarter valued at approximately $212,000. Wakefield Asset Management LLLP purchased a new position in shares of Air Products & Chemicals in the third quarter valued at approximately $365,000. Finally, Halsey Associates Inc. CT boosted its stake in shares of Air Products & Chemicals by 20.3% in the third quarter. Halsey Associates Inc. CT now owns 56,132 shares of the basic materials company’s stock valued at $9,377,000 after purchasing an additional 9,462 shares during the period. 87.49% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on APD shares. Zacks Investment Research raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research note on Tuesday, January 8th. BMO Capital Markets raised their price objective on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Credit Suisse Group raised their price objective on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. KeyCorp raised their price objective on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Bank of America lowered shares of Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price objective for the company. in a research note on Tuesday, January 8th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Air Products & Chemicals presently has an average rating of “Buy” and an average target price of $194.20.

NYSE:APD traded down $1.62 during mid-day trading on Monday, hitting $192.54. The stock had a trading volume of 12,633 shares, compared to its average volume of 1,012,188. The stock has a market cap of $42.50 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.82 and a beta of 0.82. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $195.36. The company has a quick ratio of 2.03, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Friday, January 25th. The basic materials company reported $1.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by ($0.01). The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period last year, the business earned $1.79 EPS. On average, equities analysts anticipate that Air Products & Chemicals, Inc. will post 8.18 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be issued a $1.16 dividend. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 29th. This represents a $4.64 annualized dividend and a yield of 2.41%. Air Products & Chemicals’s dividend payout ratio (DPR) is 62.28%.

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Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

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