Huntington National Bank reduced its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,154 shares of the basic materials company’s stock after selling 483 shares during the quarter. Huntington National Bank’s holdings in Air Products & Chemicals were worth $4,625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its position in shares of Air Products & Chemicals by 14.4% during the 4th quarter. Guggenheim Capital LLC now owns 111,921 shares of the basic materials company’s stock worth $26,300,000 after buying an additional 14,111 shares during the last quarter. Brinker Capital Inc. bought a new stake in shares of Air Products & Chemicals during the 4th quarter worth $294,000. Sunbelt Securities Inc. bought a new stake in shares of Air Products & Chemicals during the 4th quarter worth $7,538,000. Norges Bank bought a new stake in shares of Air Products & Chemicals during the 4th quarter worth $125,937,000. Finally, TFG Advisers LLC bought a new stake in shares of Air Products & Chemicals during the 4th quarter worth $53,000. 83.65% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on the company. Monness Crespi & Hardt downgraded Air Products & Chemicals from a “buy” rating to a “neutral” rating in a research report on Friday, July 24th. Zacks Investment Research downgraded Air Products & Chemicals from a “hold” rating to a “sell” rating and set a $230.00 target price for the company. in a research report on Monday, April 27th. Deutsche Bank increased their target price on Air Products & Chemicals from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, July 24th. HSBC downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating and set a $225.00 target price for the company. in a research report on Tuesday, June 16th. They noted that the move was a valuation call. Finally, Wells Fargo & Co dropped their target price on Air Products & Chemicals from $265.00 to $260.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $282.44.

Shares of APD traded up $1.82 during mid-day trading on Friday, reaching $286.63. 1,546,040 shares of the company were exchanged, compared to its average volume of 1,355,008. Air Products & Chemicals, Inc. has a 52 week low of $167.43 and a 52 week high of $299.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.32 and a current ratio of 3.48. The stock has a market capitalization of $62.91 billion, a PE ratio of 33.67, a PEG ratio of 3.87 and a beta of 0.85. The business has a 50 day simple moving average of $260.72 and a two-hundred day simple moving average of $235.84.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.03. Air Products & Chemicals had a return on equity of 15.96% and a net margin of 21.58%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the company earned $2.17 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. On average, analysts predict that Air Products & Chemicals, Inc. will post 8.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be paid a dividend of $1.34 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $5.36 annualized dividend and a yield of 1.87%. Air Products & Chemicals’s dividend payout ratio is currently 65.29%.

Air Products & Chemicals 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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