Park National Corp OH Has $6.15 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Park National Corp OH lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 21,191 shares of the basic materials company’s stock after selling 1,508 shares during the quarter. Park National Corp OH’s holdings in Air Products and Chemicals were worth $6,146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of APD. CX Institutional boosted its position in Air Products and Chemicals by 2.6% during the third quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock valued at $400,000 after purchasing an additional 34 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of Air Products and Chemicals by 0.3% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock valued at $3,452,000 after acquiring an additional 34 shares during the period. Bank of Stockton raised its stake in shares of Air Products and Chemicals by 1.9% in the third quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock worth $540,000 after purchasing an additional 34 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Air Products and Chemicals by 22.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 37 shares during the period. Finally, Chesapeake Wealth Management lifted its position in Air Products and Chemicals by 1.7% during the third quarter. Chesapeake Wealth Management now owns 2,189 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 37 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on APD. Barclays raised their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Monday, November 18th. Mizuho boosted their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their target price for the company from $295.00 to $364.00 in a report on Monday, October 7th. Finally, BMO Capital Markets raised their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Trading Up 1.2 %

NYSE:APD opened at $286.66 on Wednesday. The stock’s 50 day moving average price is $310.79 and its 200 day moving average price is $292.33. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $337.00. The company has a market capitalization of $63.75 billion, a P/E ratio of 16.69, a P/E/G ratio of 3.13 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

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.