Rockland Trust Co. Has $13.36 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Rockland Trust Co. grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,071 shares of the basic materials company's stock after buying an additional 3,464 shares during the period. Rockland Trust Co.'s holdings in Air Products and Chemicals were worth $13,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in shares of Air Products and Chemicals by 0.3% in the third 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 in the last quarter. CX Institutional lifted its position in Air Products and Chemicals by 2.6% in the third quarter. CX Institutional now owns 1,343 shares of the basic materials company's stock worth $400,000 after purchasing an additional 34 shares during the period. Bank of Stockton boosted its stake in Air Products and Chemicals by 1.9% during the 3rd quarter. Bank of Stockton now owns 1,813 shares of the basic materials company's stock valued at $540,000 after purchasing an additional 34 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of 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 purchasing an additional 37 shares during the period. Finally, Chesapeake Wealth Management raised its stake in shares of Air Products and Chemicals by 1.7% in the 3rd quarter. Chesapeake Wealth Management now owns 2,189 shares of the basic materials company's stock worth $652,000 after buying an additional 37 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on APD. Citigroup raised their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a "buy" rating in a research note on Monday, November 11th. BMO Capital Markets raised their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Vertical Research raised shares of Air Products and Chemicals from a "hold" rating to a "buy" rating and set a $336.00 price objective on the stock in a research note on Monday, October 7th. Evercore ISI raised shares of Air Products and Chemicals from an "in-line" rating to an "outperform" rating and increased their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. dropped their price target on Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $332.71.

Air Products and Chemicals Stock Down 0.3 %

Shares of NYSE APD traded down $0.89 during mid-day trading on Wednesday, reaching $307.07. The company had a trading volume of 2,211,993 shares, compared to its average volume of 1,681,687. The stock has a market capitalization of $68.29 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The stock's 50 day moving average is $309.35 and its 200-day moving average is $293.39.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.31%. 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 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.