Commerce Bank Has $13.31 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Commerce Bank cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,695 shares of the basic materials company's stock after selling 2,640 shares during the quarter. Commerce Bank's holdings in Air Products and Chemicals were worth $13,307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Air Products and Chemicals by 4.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company's stock valued at $790,371,000 after acquiring an additional 122,676 shares in the last quarter. Pathway Financial Advisers LLC boosted its holdings in Air Products and Chemicals by 29,954.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company's stock valued at $861,722,000 after purchasing an additional 2,884,581 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Air Products and Chemicals by 127.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company's stock worth $720,597,000 after purchasing an additional 1,564,169 shares during the period. Raymond James & Associates raised its stake in shares of Air Products and Chemicals by 1.7% during the 3rd quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company's stock worth $608,312,000 after buying an additional 33,313 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Air Products and Chemicals by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,034,818 shares of the basic materials company's stock valued at $525,085,000 after buying an additional 5,140 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Down 0.0 %

Shares of APD stock opened at $327.85 on Thursday. The stock has a market cap of $72.88 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The stock has a fifty day moving average price of $308.70 and a 200 day moving average price of $281.76. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.16%. Air Products and Chemicals's dividend payout ratio is currently 41.21%.

Analyst Upgrades and Downgrades

APD has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of 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. Redburn Atlantic upgraded Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 price target on the stock in a report on Friday, October 25th. Jefferies Financial Group raised Air Products and Chemicals from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $295.00 to $364.00 in a report on Monday, October 7th. The Goldman Sachs Group upped their target price on Air Products and Chemicals from $291.00 to $330.00 and gave the company a "buy" rating in a report on Monday, August 5th. Finally, BMO Capital Markets increased 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 note on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $331.53.

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.