Moody National Bank Trust Division Has $375,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Moody National Bank Trust Division maintained its position in Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,615 shares of the basic materials company’s stock at the end of the second quarter. Moody National Bank Trust Division’s holdings in Air Products and Chemicals were worth $375,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. iAB Financial Bank bought a new position in Air Products and Chemicals during the first quarter worth approximately $100,000. Patten Group Inc. boosted its stake in shares of Air Products and Chemicals by 3.7% in the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after buying an additional 28 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Air Products and Chemicals during the first quarter worth about $109,000. Guardian Life Insurance Co. of America boosted its stake in shares of Air Products and Chemicals by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock worth $113,000 after buying an additional 6 shares during the last quarter. Finally, Webster Bank N. A. boosted its stake in shares of Air Products and Chemicals by 68.2% in the first quarter. Webster Bank N. A. now owns 851 shares of the basic materials company’s stock worth $115,000 after buying an additional 345 shares during the last quarter. 88.92% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals, Inc. (NYSE:APD) opened at 145.02 on Friday. The firm’s 50-day moving average price is $144.80 and its 200 day moving average price is $141.91. Air Products and Chemicals, Inc. has a 52 week low of $129.00 and a 52 week high of $150.45. The firm has a market cap of $31.61 billion, a P/E ratio of 10.89 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.06. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $1.92 EPS. Equities analysts forecast that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.95 per share. The ex-dividend date is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.62%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 28.51%.

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A number of equities research analysts have recently issued reports on APD shares. Barclays PLC reissued a “buy” rating and issued a $170.00 target price on shares of Air Products and Chemicals in a research report on Friday, August 4th. Deutsche Bank AG raised Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price target for the company from $148.00 to $160.00 in a research note on Monday, May 1st. Zacks Investment Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research note on Tuesday, April 18th. Vertical Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price target for the company in a research note on Monday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Air Products and Chemicals has an average rating of “Hold” and a consensus price target of $153.29.

About Air Products and Chemicals

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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