Moody National Bank Trust Division Maintains Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Moody National Bank Trust Division held its position in Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to its most recent filing 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 reporting period.

Other hedge funds and 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 valued at $100,000. Patten Group Inc. raised its position in 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 valued at $105,000 after buying an additional 28 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Air Products and Chemicals during the first quarter valued at $109,000. Guardian Life Insurance Co. of America raised its position in 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 valued at $113,000 after buying an additional 6 shares in the last quarter. Finally, Webster Bank N. A. raised its position in 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 valued at $115,000 after buying an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 88.92% of the company’s stock.

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

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

The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 annualized dividend and a dividend yield of 2.62%. Air Products and Chemicals’s dividend payout ratio is presently 28.51%.

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Several research analysts have weighed in on the stock. Deutsche Bank AG upped their price objective on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 14th. Zacks Investment Research lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Vertical Research upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective on the stock in a research note on Monday. Finally, BidaskClub lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Air Products and Chemicals currently has an average rating of “Hold” and a consensus target price of $153.29.

Air Products and Chemicals Company Profile

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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