Greenleaf Trust Has $4.93 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Greenleaf Trust boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 107.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,997 shares of the basic materials company’s stock after buying an additional 9,340 shares during the quarter. Greenleaf Trust’s holdings in Air Products and Chemicals were worth $4,928,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. bought a new position in Air Products and Chemicals in the 4th quarter valued at $33,000. Legacy Bridge LLC acquired a new position in Air Products and Chemicals in the fourth quarter worth $35,000. FinTrust Capital Advisors LLC grew its holdings in shares of Air Products and Chemicals by 40.4% during the third quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 38 shares during the last quarter. Finally, Artemis Wealth Advisors LLC acquired a new stake in shares of Air Products and Chemicals in the third quarter valued at $39,000. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TheStreet lowered shares of Air Products and Chemicals from a “b” rating to a “c+” rating in a research report on Monday, February 5th. Bank of America raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 target price for the company in a research note on Thursday, February 15th. BMO Capital Markets cut their price target on Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. Wolfe Research assumed coverage on Air Products and Chemicals in a research report on Friday, March 1st. They issued an “outperform” rating and a $279.00 price objective for the company. Finally, TD Cowen reduced their target price on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $276.36.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $231.67 on Friday. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The stock’s fifty day simple moving average is $235.88 and its 200 day simple moving average is $257.47. The company has a market capitalization of $51.50 billion, a PE ratio of 22.11, a PEG ratio of 2.56 and a beta of 0.81. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the company posted $2.64 earnings per share. Air Products and Chemicals’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, research analysts predict that Air Products and Chemicals, Inc. will post 12.38 EPS for the current year.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be paid a $1.77 dividend. The ex-dividend date is Thursday, March 28th. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.75. This represents a $7.08 dividend on an annualized basis and a yield of 3.06%. Air Products and Chemicals’s dividend payout ratio is presently 67.56%.

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.