Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 5,318 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Town & Country Bank & Trust CO dba First Bankers Trust CO lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 45.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,275 shares of the basic materials company's stock after selling 5,318 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in Air Products and Chemicals were worth $1,820,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Public Sector Pension Investment Board boosted its stake in Air Products and Chemicals by 67.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 8,540 shares of the basic materials company's stock worth $2,204,000 after purchasing an additional 3,451 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Air Products and Chemicals by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 141,238 shares of the basic materials company's stock valued at $36,447,000 after acquiring an additional 5,997 shares during the period. Creative Planning grew its stake in Air Products and Chemicals by 3.7% during the second quarter. Creative Planning now owns 69,071 shares of the basic materials company's stock valued at $17,824,000 after acquiring an additional 2,433 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Air Products and Chemicals by 3.9% during the 2nd quarter. NewEdge Advisors LLC now owns 56,523 shares of the basic materials company's stock worth $14,586,000 after acquiring an additional 2,117 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Air Products and Chemicals by 0.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 21,363 shares of the basic materials company's stock worth $5,512,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

APD has been the subject of a number of research analyst reports. UBS Group lifted their price target on Air Products and Chemicals from $375.00 to $385.00 and gave the company a "buy" rating in a research report on Tuesday. Mizuho increased their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an "outperform" rating in a report on Wednesday, October 9th. Bank of America lowered Air Products and Chemicals from a "buy" rating to a "neutral" rating and set a $350.00 price objective for the company. in a research note on Monday. Evercore ISI raised shares of Air Products and Chemicals from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating for the company in a research report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $338.47.

Air Products and Chemicals Trading Down 0.1 %

Shares of APD stock traded down $0.30 during trading hours on Tuesday, reaching $326.32. 886,053 shares of the stock were exchanged, compared to its average volume of 1,739,071. The firm has a market capitalization of $72.57 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $337.00. The company's 50-day moving average price is $310.11 and its 200-day moving average price is $297.54.

Air Products and Chemicals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 2.19%. This is a boost from Air Products and Chemicals's previous quarterly dividend of $1.77. The ex-dividend date is Tuesday, April 1st. Air Products and Chemicals's payout ratio is 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.