Bank of Jackson Hole Trust Invests $69,000 in Air Products and Chemicals, Inc. (NYSE:APD)

Bank of Jackson Hole Trust acquired a new position in Air Products and Chemicals, Inc. (NYSE:APD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 237 shares of the basic materials company’s stock, valued at approximately $69,000.

Several other institutional investors have also recently made changes to their positions in APD. Pathway Financial Advisers LLC raised its stake in shares of Air Products and Chemicals by 29,954.1% in the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock worth $861,722,000 after buying an additional 2,884,581 shares during the period. ING Groep NV raised its stake in shares of Air Products and Chemicals by 240.7% in the third quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock worth $304,717,000 after buying an additional 723,019 shares during the period. Mizuho Markets Americas LLC raised its stake in shares of Air Products and Chemicals by 318.7% in the third quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company’s stock worth $282,473,000 after buying an additional 722,132 shares during the period. Van ECK Associates Corp raised its stake in Air Products and Chemicals by 1,685.4% during the 3rd quarter. Van ECK Associates Corp now owns 764,489 shares of the basic materials company’s stock valued at $249,698,000 after purchasing an additional 721,671 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Air Products and Chemicals by 29,957.6% during the 3rd quarter. International Assets Investment Management LLC now owns 718,075 shares of the basic materials company’s stock valued at $2,138,000,000 after purchasing an additional 715,686 shares during the period. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 3,233 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $307.32, for a total value of $993,565.56. Following the transaction, the chief financial officer now owns 10,680 shares of the company’s stock, valued at $3,282,177.60. This represents a 23.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Francesco Maione sold 2,016 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $306.00, for a total value of $616,896.00. Following the completion of the transaction, the insider now directly owns 3,834 shares in the company, valued at $1,173,204. This trade represents a 34.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,411 shares of company stock valued at $4,186,642 in the last quarter. 0.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Sanford C. Bernstein raised Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price on the stock in a research note on Friday, January 31st. UBS Group lifted their target price on Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $320.00 price target (down previously from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus price target of $339.94.

Air Products and Chemicals Stock Performance

NYSE APD opened at $316.89 on Thursday. The company has a market cap of $70.50 billion, a P/E ratio of 18.40, a P/E/G ratio of 3.13 and a beta of 0.85. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. The business’s 50 day moving average price is $308.49 and its 200-day moving average price is $304.19. Air Products and Chemicals, Inc. has a fifty-two week low of $225.26 and a fifty-two week high of $341.14.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.27). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. Sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio is 41.11%.

Air Products and Chemicals 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.